IBON Foundation Challenges Philippines' Upper-Middle Income Status

The IBON Foundation argues that the World Bank's recent upgrade of the Philippines to upper-middle-income status does not accurately reflect the realities of Filipinos, citing deep structural issues in employment, inequality, and industrial development.

25 Jul, 09:15 — 25 Jul, 09:15

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RapplerMostly Factual5h ago

IBON Foundation: Upper-middle income milestone doesn’t reflect Filipinos’ realities

Despite the World Bank's recent upper-middle-income upgrade, think tank IBON Foundation warns that the country's income classification masks deeper structural weaknesses in employment, inequality, and industrial development

By Felix Rey Van Olandria

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IBON Foundation Challenges Philippines' Upper-Middle Income Status

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IBON Foundation: Upper-middle income milestone doesn’t reflect Filipinos’ realities

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