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Philippines poverty creeps upward |
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Written by Roel Landingin / ft.com
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The Philippines' poverty rate has risen for the first time since the
Asian financial -crisis, according to a new government report that
deals a blow to -Gloria Macapagal Arroyo's plans to halve the ranks of
the country's poor.
Barring a brief rise in the wake of the 1997-98 Asian crisis, the
Philippines' poverty rate has moved steadily downwards since the 1986
fall of Ferdinand Marcos, shortly after which it stood at almost 50 per
cent.
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