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Byline: Benjamin V. Buco Jr.
A STUDY conducted by the Asian Development Bank (ADB) has recommended strategies to accelerate poverty reduction in the Philippines and ensure that economic growth benefits the poor.
The study, titled "Poverty in the Philippines: Causes, Constraints, and Opportunities" and posted on the bank's Web site yesterday, noted that poverty incidence among Filipino households rose to 26.9% (consisting of 27.6 million poor people) in 2006 from 24.4% (23.8 million) in 2003, despite a gross domestic product growth of 4.9% and 5.3% in 2003 and 2006, respectively.
"While the country has experienced moderate...growth in recent years, poverty …