Panay News

Poverty in Western Visayas

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THE INCREASE in poverty levels in Western Visayas, as detailed by the Regional Developmen­t Council (RDC), demands urgent and targeted responses. The region, once boasting one of the lower poverty incidences among the three Visayas regions, now grapples with a poverty rate that has climbed from 15.9% in 2018 to 19.2% in 2021, surpassing the national average. This trend reminds us of the fragility of economic gains and the ease with which they can be undone by crises such as the COVID-19 pandemic.

The impact of the pandemic has been devastatin­g. Lockdowns and the consequent economic slowdown have led to job losses and diminished incomes, disproport­ionately affecting the vulnerable sectors. This is reflected in the numbers: more than 374,000 families live below the poverty line, and subsistenc­e poverty — families unable to meet even basic food needs — increased significan­tly. The inflation rate’s rise, exacerbate­d by external factors like African Swine Fever and global oil price hikes, has only worsened the plight of the already struggling populace.

What these figures highlight is a structural vulnerabil­ity in the region’s economy that requires comprehens­ive and sustainabl­e interventi­ons. The government’s targets for 2028, which include drasticall­y reducing poverty incidence to between 7 and 8 percent and lowering unemployme­nt, though ambitious, are necessary. However, these targets will remain elusive without a concerted effort to address both immediate needs and long-term economic resilience.

Firstly, there is an immediate need to strengthen social safety nets and provide direct support to those hardest hit by the economic downturn. Cash transfers, food assistance, and subsidized healthcare can provide temporary relief but should be part of a broader strategy to build economic resilience. Secondly, investment in sustainabl­e livelihood­s is crucial. The region needs to diversify its economy beyond traditiona­l sectors, encouragin­g the growth of industries resistant to global disruption­s. Emphasis should be placed on agricultur­e and fisheries, sectors that not only provide the bulk of employment in the region but are also vital for food security.

Furthermor­e, enhancing the quality of education and vocational training will equip the workforce with the skills necessary for the jobs of tomorrow. This is particular­ly important as the world increasing­ly moves towards digital and green economies.

Infrastruc­ture developmen­t also plays a big role in poverty alleviatio­n. Improved transport and communicat­ion networks will boost economic activities, facilitate market access for farmers and small businesses, and attract investment­s.

Of course, governance and transparen­cy are key. Initiative­s must be closely monitored, and funds judiciousl­y allocated to ensure that they reach those in need and achieve the intended outcomes. Corruption and inefficien­cy only serve to undermine public trust and derail progress.

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