COVID-19 forces NEDA to tweak PH’s economic dev’t plan

Due to the COVID-19 pandemic crisis, the National Economic and Development Authority has revised the Philippine Development Plan 2017-2022 or the country’s economic development blueprint.During a virtual meeting of the House Committee on Economic Affairs, NEDA acting Secretary Karl Kendrick T.

“For instance, under Malasakit , it will now be ensuring people centered, clean technology-enabled, and responsive governance. Under Pagbabago , it will expand economic opportunities across regions because there is a need to reduce congestion and spread opportunities,” Chua said. The NEDA official said some of the banner programs under the “updated” PDP are “improvement” in the health system, food security, and “digital government.”

“We will also have to begin a process of more balanced regional development. This requires two major underpinnings. The first one is the provision of all the basic services in the provinces so that people will have a reason to stay and business will have a reason to invest there. The second is to improve connectivity so that the provinces and secondary or tertiary cities or towns will be connected to high growth drivers or markets in Manila or the rest of the world,” Chua said.

Among the identified areas are health, agriculture, logistics, digitalization, investments, businesses, labor, social protection, education public transport, and disaster and emergency response.

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