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MANILA, May 17 () -- The Philippine government needs to achieve high economic growth and expand access to basic services to reduce poverty incidence, a senior official said Thursday.Newly-appointed Socioeconomic Planning Secretary Arsenio M. Balisacan said that by promoting inclusive growth, the Philippines will be able to meet its Millennium Development Goal to reduce poverty incidence to 16.6 percent by 2015.The country's poverty incidence is at roughly 30 percent, which means about a third of the nearly 100 million Filipinos subsist on less than two U.S. dollars a day."We should be able to make the growth process more poverty reducing and that's the essence of inclusive growth," Balisacan said in a press briefing.Balisacan said that by improving the poor households'access to basic services including health and education, the Philippine government will be able "to hasten the rate of poverty reduction."He added that poverty reduction has been slow because of weak economic growth. He said that historically, the country's Gross Domestic Product (GDP) growth was only 4.5 percent, which is significantly low compared to the country's peers. This is the reason why it is necessary, he said, for the government to increase historical growth to 7 to 8 percent.Balisacan said existing programs like the conditional cash transfer (CCT) the Public Private Partnership (PPP) initiative will be able ro bring down poverty incidence.Balisacan said that CCTs can help poor families obtain access to health and education services while PPPs will help address infrastructure constraints which have been the cause of the country's weak economic growth in the past.He said that with the private sector helping in the financing of various projects, the government frees up some of its limited resources. The government can then channel these resources to CCTs or other social development programs that can directly improve the access of poor Filipinos."What we are trying to do is to raise that potential growth path of the economy from 4.5 to 7 to 8. We can do that by addressing critical constraints to growth like infrastructure, human capital underdevelopment and so on," Balisacan said.Balisacan, a poverty and agriculture development expert, formally assumed office this week. He replaced Cayetano Paderanga, who resigned due to health reasons.Balisacan was dean of the School of Economics at the University of the Philippines. He obtained his Ph.D in Economics from the University of Hawaii.
UNITED NATIONS, June 8 () -- Serbian Foreign Minister Vuk Jeremic was elected on Friday president of the 67th Session of the UN General Assembly.Jeremic began his governmental career as adviser to the Minister of Telecommunications of the Federal Republic of Yugoslavia in the wake of the October 2000 democratic changes.In June 2003, he was appointed advisor for foreign affairs to the Minister of Defense of the State Union of Serbia and Montenegro. From July 2004 to May 2007, he served as senior foreign policy adviser to Boris Tadic, former president of the Republic of Serbia. Jeremic has held the post of Minister of Foreign Affairs of the Republic of Serbia since May 15th, 2007.In February 2004, Jeremic was appointed chairman of the Foreign Affairs Committee of the Democratic Party. Prior to his political engagement, Jeremic worked for a number of financial institutions in the City of London, including Deutsche Bank and Dresdner Kleinwort Benson, and then for AstraZeneca Pharmaceuticals.He is currently president of the Serbian Tennis Federation.Born in Belgrade in 1975, Jeremic is fluent in English, in addition to his native Serbian. He is married.Jeremic is a graduate of the University of Cambridge, with a degree in Theoretical Physics. He received a Master's degree in public administration from John F. Kennedy School of Government, Harvard University.
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