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Poverty rate stubborn in rich Switzerland

An aerial view of the Congress Center in Davos, Switzerland, Tuesday, Jan. 22, 2013. The world's political and business elite gathered in the snow-covered resort of Davos on for the annual meeting of the World Economic Forum.  AP PHOTO/MICHEL EULER

Switzerland may be one of the world’s richest nations but as many as one resident in 13 lives in poverty, official data showed on Tuesday.

Posted: July 16th, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

World Bank extends grant to help PH reduce poverty

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The World Bank has granted the Philippines technical assistance worth $700,615 to study how the sustainable use of the country’s natural resources—specifically mangroves and minerals—could help reduce poverty.

Posted: May 30th, 2014 in Headlines | Read More »

WB: Climate change a fundamental threat to dev’t

Countries of the world should confront climate change squarely as part of the global efforts to end poverty and boost prosperity. It’s a challenge that needs collective action by national governments, development partners, private sector, civil society, and local communities.

Posted: May 26th, 2014 in Headlines | Read More »

Aid agencies urged to support PH antipoverty programs

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Multilateral lenders and other development partners have been urged to align their plans for the country with the goals outlined in the government’s new anti-poverty strategy.

Posted: May 5th, 2014 in Editor's Pick,Headlines | Read More »

Poverty incidence fell to 24.9% in mid-2013

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The number of poor Filipinos fell in the first half of last year as the country’s economy surged, lifting millions of households above the government’s poverty line.

Posted: April 30th, 2014 in Headlines | Read More »

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