However, the decrease in the country’s poverty rate is not at par with its contemporaries in the Asean region, with Thailand from 67.0 percent to 6.8 percent , and Vietnam from 58.1 percent to 4.8 percent .
So, how do we reduce poverty? One of the most common poverty interventions is the cash transfer program. A cash transfer is a direct transfer of payment of money to an eligible individual for humanitarian assistance, which provides a lifeline for poor families facing threats to their health and well-being.
A study by the Philippine Institute of Development Studies in 2014 revealed that the 4Ps has no significant negative impact on work effort of household heads, it has increased school participation of children, and resulted in increased consumption of education-related goods. On the succeeding wave of the study in 2021, PIDS found out that it has a long term positive impact on health and well-being.
In a study by the Asian Development Bank in 2021, they found out that despite the severe impact of the Covid-19 pandemic especially on the poor and vulnerable households in the Philippines, the group of poor people who trained under the graduation approach by BRAC were made resilient across a range of dimensions including financial security, food security, and mental health.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ANCALERTS - 🏆 26. / 50 Read more »
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Source: ABSCBNNews - 🏆 5. / 83 Read more »
Source: BusinessMirror - 🏆 19. / 59 Read more »
'Love to be back Philippines': Ahn Hyo Seop, stars welcome ‘Crash Landing on You’ eyewearKorean star Ahn Hyo-seop returned to the Philippines early this week after visiting the country for the first time early this month.
Source: PhilstarNews - 🏆 1. / 94 Read more »
Source: rapplerdotcom - 🏆 4. / 86 Read more »