Connect with us


World Bank urges Philippines to invest in children’s early years



Increasing investment in children’s early development will improve the well-being of all Filipinos and strengthen the country’s economic potential, according to a World Bank report released on Monday.

The report describes the importance of health, nutrition, education, and social protection during the first decade of life, stressing the need to invest in these areas to boost human capital in the country.

The Philippines, with a relatively young population, can harness its demographic dividend with adequate investment in human capital, said Ndiame Diop, World Bank country director for Brunei, Malaysia, the Philippines and Thailand.

However, according to the World Bank’s Human Capital Index (HCI), the Philippines struggles in this regard.

The HCI measures the contribution of health and education to the productivity of the next generation of workers.

Because of underinvestment in those key areas, Filipino children born today are projected to be only about half as productive when they reach adulthood as they could be.

The report finds several factors contributing to the productivity gap, including limited and unequal access to education and health services.

It recommends targeted capacity building, budget support, and an equitable incentive mechanism for the country’s local government units, which play a critical role in service delivery to boost human capital.

Ummul Idris

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.



Shell Digital Plan RESPONSIVE600x750
Shell Digital Plan RESPONSIVE600x750