World Bank Poverty Report 2024. The biggest driver of the higher poverty rate is also the source of inflation the fed has struggled with. The world bank pointed out that while recently higher employment and incomes reduced the philippines' poverty rate to 15.5 percent in 2023 from 18.1 percent.

12 september 2024 peace and security. The decision, announced in may, follows the release in 2020 of new purchasing power.