Poverty remains a critical development challenge for the Philippines and structural transformation of the country’s key industries and governance may lead to the path of sustainable inclusive growth, a government-sponsored forum concluded on Wednesday.

“Indeed, a major challenge in promoting inclusivity in the Philippines is how to significantly improve the rate of poverty reduction at par with the progress of our regional neighbors,” Economic Planning Secretary Arsenio Balisacan said in his welcome address at the “Towards Zero Poverty: Pursuing Inclusive Development and Shared Prosperity” forum held in Mandaluyong City.

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