The government is now working to further bring down high inflation and ensure a SPF framework will be in place to minimize the economic impact of El Niño, which is expected to severely affect the country by the last quarter of the year. Know more:
THE government is now working to further bring down high inflation and ensure a social protection floor framework will be in place to minimize the economic impact of El Niño, which is expected to severely affect the country by the last quarter of the year.
“The intention is to institutionalize the existing programs, especially those that have been proven to work so that we don’t have to restart all over again when there is a need to provide support to vulnerable groups,” Balisacan explained on Thursday.“We are actively monitoring the situation and implementing the necessary measures to ensure that by the end of the year, we should be on our target of roughly around 4 percent and at 3.5 to 4 percent,” Balisacan said.
He recalled that they had been pitching social protection earlier, since 2014, so that “when you have events like that, we prevent people from falling into poverty,” because, he noted, “once they fall, it’s extremely difficult for them to go up and we don’t want that.” In a phone interview with BusinessMirror, Neda Undersecretary Rosemarie G. Edillon explained that during discussions on the SPF, it was found that existing social protection schemes in the country, though effective, need to be enhanced.
Edillon said enhancing programs will also include safeguards such as in the extension of unemployment insurance. Filipinos who lose their jobs will be eligible for assistance if they are actively seeking employment or are enrolled in some form of training, retraining, or upskilling program. “We are witnessing an increasing demand for impact evaluations from policy-makers, legislators, development partners, and government agencies who seek to gather more evidence to improve policies and programs. On the other hand, our supply of evaluation experts is insufficient to meet the demand,” he said.
“Far from being just an intellectual exercise, impact evaluation adds rigor to the quality of policy making and design of government interventions,” he said.
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