Reelectionist Senator Sherwiin Gatchalian has recommended to the Department of Agriculture (DA) the opening of bank accounts for the beneficiaries of the fuel subsidy program to expedite the distribution of cash aid to farmers and fisherfolk and to jumpstart their financial inclusion and access to c
The World Bank (WB) has urged the Philippine government to ramp up digital government-to-person (G2P) payments, mainly by tapping other financial services providers like e-wallets, to speed up and ensure the efficient distribution of “ayuda” (cash assistance) during a crisis.
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With about one third of the sub-region’s population hosted by the coastal areas, the World Bank in a 2017 reportnoted that 56 per cent of West Africa’s gross domestic product (GDP) is generated in the areas.
However, these coastal areas that hold so much economic potential for some of the world’s developing economies are now very much troubled.
Erosion, flooding, ocean surge and pollution are major causes of the dangerous degradation that is causing the sub-region both human and economic woes.
According to the global financial institution, “environmental degradation in the coastal areas of Benin, Côte d’Ivoire, Senegal, and Togo cost $3.8 billion, or 5.3% of the four countries’ GDP in 2017.”