The report, Making Growth Work for the Poor: A Poverty Assessment for the Philippines, is prepared by the World Bank (WB), in support of the poverty reduction efforts of the Philippine government. It covers the period between 2006 and 2015 on the varying impacts of growth on the living conditions of Filipinos. It draws from a variety of sources including the Family Income and Expenditure Survey (FIES) and Labor Force Survey (LFS) to identify key elements that affected the inclusiveness of growth and provide policy suggestions toward poverty reduction and attaining shared prosperity
Read more: Making Growth Work for the Poor: A Poverty Assessment for the Philippines
From being ranked 41st in 2017, the Philippines slid by nine notches to 50th out of 63 countries in the 2018 version of the World Competitiveness Yearbook (WCY). Now on its 30th edition, the WCY is a publication of the International Institute for Management Development (IMD) which has 55 partner organizations in 63 countries.