ADB Helps the Philippines Combat Poverty and Spread Economic Growth

Video | 23 July 2014

In the third installment of the video series "Great Expectations" we look at how the Philippine government, in partnership with ADB, is working to ensure recent economic growth in the country is shared, opening up new opportunities for the poor while providing a stable, more prosperous future for the country's next generation.

Transcript

Title: ADB Helps the Philippines Combat Poverty and Spread Economic Growth

Description: Great Expectations – Philippines, we look at how the Philippine government, in partnership with ADB, is working to ensure recent economic growth in the country is shared, opening up new opportunities for the poor while providing a stable, more prosperous future for the country's next generation.

VO: In the 1980’s, the Philippines became dubbed as the “Sick Man of Asia.”

In recent years however, the Southeast Asian nation experienced some of the fastest growth rates in the region amid a sluggish global economy. The country has won investment-grade ratings and recorded stock market highs as its economy expanded. But what does this economic growth mean for the man on the street? And will the impact of this growth reach the country’s next generation who dream of a progressive Philippines where they can fulfill the best of their potential.

SOT: Dana Eryl David
I want to be a famous pianist.

SOT: Elijah Andrei Cognayo
I want to be an astronaut because I want to see the planets and the stars.

SOT: Nigella Martinne Mediavillo
When I grow up, I want to be an artist.

SOT: John Oslec Tulilan
When I grow up, I want to be a soldier.  

SOT: Darlene Bianca Pocua
I want to be the president of the Philippines.  

Great Expectations

VO: In 2013, the Philippines recorded a remarkable 7.2% growth in Gross Domestic Product or GDP.

SOT: Arsenio Balisacan
Economic Planning Secretary
National Economic and Development Authority
Our experience with rapid growth has been very short and the challenge is to keep it at that rate of 6, 7, 8 possibly percent over a long period of time.

VO: Both the Philippine government and the Asian Development Bank say much has to be done in order for the Filipino masses to feel the impact of this growth.

SOT: Arsenio Balisacan
Economic Planning Secretary
National Economic and Development Authority
You have to get the economy to a sustained rapid growth and we’re just starting that. Second is you need to improve the capacity of the economy to generate jobs and that means restructuring the economy.

VO: ADB is helping the Philippine government reduce poverty by implementing a broad approach to the issue.

SOT: Javid Mir
Director, Environment, Natural Resources and Agriculture Division
Asian Development Bank
ADB has partnered with the government in addressing this multi-dimensional problem in a multi-faceted manner. By that I mean we have interventions in say education sector, you must have heard about the conditional cash transfers, we have investments in transport, infrastructure, water resource infrastructure, we have investments of course in agriculture.

VO: ADB is working with local governments to implement the Infrastructure for Rural Productivity Enhancement Sector or Infres project. In Ligao City in southeastern Luzon region, farm to market roads were built, communal irrigation systems constructed and a potable water supply installed as part of the Infres program. Farmer Lorenzo Payoyo says that ever since the irrigation canal was built, he and other farmers in the area have harvested more crops because of the constant supply of water. Lorenzo now earns more money from selling his bountiful harvest, enabling him to provide for his family.

SOT: Lorenzo Payoyo
Farmer, Ligao City
My children have all been able to go to school. Before, we used to eat three times a day. Today, we can eat up to five meals a day, including snacks.  

VO: ADB also supports projects that invest in education and health for the masses, such as the conditional cash transfer program or CCT.

SOT: Arsenio Balisacan
Economic Planning Secretary
National Economic and Development Authority
The CCT is meant to provide greater opportunities for their children through education and health.

VO: ADB is helping break the poverty cycle further by creating a generation that is better educated than their predecessors, providing them with skills and knowledge that would make them more appealing to potential employers when they join the labor market.

The bank invested in the Kindergarten or K to 12 program, which increases the overall duration of education from 10 to 12 years, bringing the education cycle on a par with its neighbors.

ADB also supports infrastructure and power sector project - helping build up manufacturing and industry - that also generate jobs.

SOT: Arsenio Balisacan
Economic Planning Secretary
National Economic and Development Authority
ADB has been doing a lot of things for us. ADB has been an important partner for the country and will continue to play a major role in our effort to achieve inclusive growth in this country.

VO: As the Philippines strives to spread the impact of its economic growth across society, these children hope to one day benefit from the efforts being done today.

Potentially the Philippines’ next generation of leaders, they wish to have opportunities that would one day allow them to build a future not only for themselves, but also for their country.

SOT: Elijah Andrei Cognayo
My dream for the Philippines is that everybody will have jobs, especially the poor people.

SOT: Dana Eryl David
My dreams for my community is to be clean and to plant more trees.

SOT: John Oslec Tulilan
My dream for the Philippines is that all the citizens will be good citizens.