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Wednesday, April 02, 2008

WB prez: Poverty level high



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Filipino Reporter: March 14-20, 2008

"The Philipines has the wealth to do it (reducing poverty level), and capability to do it. I just hope you do it," he told reporters.

Wolfensohn said the government should increas its budget on education and health care, so that it will feel more significant improvements in the country's poverty condition.

Compared with other developing nations, the former World Bank chief added that the national government's spending on health and education is only 1/8 to 1/10.

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