NextGen Day

The government and private sector must work together to improve the country’s economic recovery prospects, increase productivity, and adapt to climate change, according to a statement released Monday by the National Economic and Development Authority (NEDA).

Socioeconomic Planning Secretary Karl Kendrick Chua stated during the recent inaugural conference and induction ceremonies of the Financial Executives Institute of the Philippines that the remaining months of his term will be focused on pressing for these top three priorities.

“The first is to keep fighting the Covid-19 (coronavirus disease 2019) epidemic. “I believe this will necessitate a shift in our mindset or paradigm, from a pandemic mindset to a more endemic mindset, where we can balance the important needs of people to protect themselves from Covid and all other diseases, as well as hunger, unemployment, and the need for income to support other development objectives,” Chua said.

NEDA and the economic team recommended a 10-point policy reform to address these issues: metrics, vaccine, healthcare capacity, economy and mobility, schooling, domestic travel, international travel, digital transformation, pandemic flexibility bill, and medium-term pandemic resilience preparation.

“The second problem I’d like to raise, which would require major private-sector support, is strengthening or growing productivity,” Chua said.

According to the NEDA director, the private sector is critical to increasing productivity in the country.

He believes that through enhancing human capital development, improving health and education outcomes, improving logistics, changing how things are done in factories and offices, the business process, and how the country governs, productivity can be raised.

“The Philippines is on track to become an upper-middle-income country in the near future. We must innovate to maintain this level of progress and eventually achieve high-income country status. “We will have problems accomplishing our next stage of development if we merely duplicate or build things without any innovation,” Chua remarked.

Chua’s third key objective, meantime, is to combat the problem of climate change.

Climate change adaptation and mitigation, according to Chua, is a cornerstone of NEDA’s policy framework.

“Everything we do in the environment, education, agriculture, transportation, energy, and governance, whether on planet Earth or in the Philippines, would revolve around safeguarding or enhancing the livability of the people,” he stated.

Save/Share this story with QR CODE

---

Disclaimer

This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

📩 Need to get in touch?

📩 Feel free to Contact NextGenDay.com for comments, suggestions, reviews, or anything else.

---

We appreciate your reading. 😊Simple Ways To Say Thanks & Support Us:
1.) ❤️GIVE A TIP. Send a small donation thru Paypal😊❤️
Your DONATION will be used to fund and maintain NEXTGENDAY.com
Subscribers in the Philippines can make donations to mobile number 0917 906 3081, thru GCash.
3.) 🛒 BUY or SIGN UP to our AFFILIATE PARTNERS.
4.) 👍 Give this news article a THUMBS UP, and Leave a Comment (at Least Five Words).

---

AFFILIATE PARTNERS

World Class Nutritional Supplements - Buy Highest Quality Products, Purest Most Healthy Ingredients, Direct to your Door! Up to 90% OFF.
Join LiveGood Today - A company created to satisfy the world's most demanding leaders and entrepreneurs, with the best compensation plan today.

---