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Friday, March 29, 2024

World Bank asks govt to sustain CCT

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The Duterte administration should continue to implement and expand the conditional cash transfer program to achieve its goal of eradicating poverty by 2040, the World Bank said Wednesday.

A working paper by the Washington-based multilateral agency on the impact evaluation of the CCT program in the Philippines said the safety net program remained an effective investment to eradicate poverty. 

“The positive results from the second  impact  evaluation  and spin-off  papers  [on  nutrition, spill-over effects,  regional heterogeneity, and  child  labor]  solidified support for the continuation of  the  CCT program as  an  effective  investment to break  the  cycle of poverty,” the World Bank said. 

“Among  other things, the second  IE  highlighted  that  the CCT continues  to  deliver on its development objective  of  keeping children  healthy and  in  school. This  finding was consistent with the results of the  first IE that was  released in 2012,” the bank said.

The report said the findings in the second impact evaluation were similar to the first one produced in 2012. 

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“In  two rounds of IEs, the CCT  program proved to sustain  its  developmental impact on poor  households  since it was piloted  in  2007  and its effectiveness  as a long-term  investment for the government to combat  poverty,” the report said.

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