UNITED NATIONS: President Ferdinand “Bong Bong” Marcos Jr on Tuesday expressed confidence that the Philippines will be a “moderately prosperous” country by 2040, with steady investment in food security, public health, education and other social services.
Addressing the 77th session of the United Nations General Assembly here, Marcos said the Philippines remains on track to “reach upper-middle-income status by next year” despite the challenges it has faced during the pandemic and the current global crisis.
With a steady investment in food [security]And public health, education and other social services, we expect to become a moderately prosperous country by 2040. I am confident that we will achieve this vision.”
To be recognized as upper middle income economies, a country must reach the World Bank’s GNI per capita threshold of $4,256 to $13,205.
In 2021, the Philippines’ per capita gross national income rose to $3,640 from $3,430 in 2020 or at the height of the pandemic, according to World Bank data.
However, Marcos said it would be difficult for the Philippines to achieve this goal if the United Nations did not do well.
“No country stands alone,” Marcus said. “Achieving our national ambition requires a global environment that creates the conditions that allow all nations, including ours, to thrive in peace.”
“We need the United Nations to continue working. We, the Philippines, are determined to be part of this solution,” he added.
The president cited what the Philippines has done to build better relations with other countries.
“The Philippines has not hesitated to donate to the Kovacs Facility that has helped provide vaccines in many parts of the developing world. Multilateralism and international cooperation are making a difference,” Marcos said.
“Filipino health workers have been on the front lines in many countries to limit the spread of the virus, often risking and sacrificing their lives to save the lives of others,” he added.
Similarly, the President expressed his belief that solutions to the various challenges are imminent.
“We have always been an optimistic and brave nation. Despite the enormity of these challenges, we believe that solutions are within our collective grasp,” he added.
Meanwhile, Marcus said his administration will also invest in education to provide people with the tools they need to meet the challenges of the Fourth Industrial Revolution.
I acknowledge that knowledge and discovery remain the key to unlocking the potential of our dynamic future and that encouraging young people’s curiosity, honing their skills and protecting their intellectual property are important investments.
“Investing in education is fundamental, and my administration is ready to make such investments. The Philippines notes with appreciation the Education Transformation Summit held earlier this week at which these topics were addressed,” Marcos said.
“Perhaps there is no greater renewable resource than the creativity and innovation of our youth. We understand the value of harnessing the talents of our people by creating a strong and innovative economy. We will continue to work with partners to advance this internationally,” he added.