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Thursday, March 28, 2024

Mindanao holds key to poverty reduction

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Unlocking Mindanao’s potential is critical in bringing down poverty in the entire country, says a new report launched Friday by the World Bank, the Mindanao Development Authority and the Philippine Business for Social Progress.

The main challenge for Mindanao, like the rest of the Philippines, is how to speed up growth that creates more and better jobs and reduces poverty, said the report, entitled Mindanao Jobs Report: A Strategy of Mindanao Regional Development.

MinDA chairperson Secretary Abdul Khayer Alonto said the strategies cited in the report was a timely observation.

“Under our long-term development plan as approved and included in the Philippine Development Plan for 2017-2022, we are pursuing socio-economic development initiatives through the Mindanao Development Corridors,” he said. 

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