- Posted July 26, 2014 by
Phl to continue investing in people
"When it comes to that, it’s really in continuing to invest in human capital," Deputy presidential spokesperson Abigail Valte said in an interview over dzRB Radio-Manila.
Valte said the general perception is that investment only means money going to infrastructure to attract businesses.
But she said there are also investments on human capital, which means strengthening the capabilities of the country's citizens, she said.
This includes investment in education, health care, social services and others, she added.
According to the recently released UN report, the Philippines improved slightly in its assessment. The UN Development Report measures income, education and life expectancy.
The report was released in Tokyo by the United Nations Development Program (UNDP) covering 187 countries, with the Philippines ranking No. 117, up one notch from 118 in the previous edition.
The Top 10 countries in UNDP's ranking from No. 1 to 10 are Norway, Australia, Switzerland, the Netherlands, the United States, Germany, New Zealand, Canada, Singapore, and Denmark.
The UN Development Report pushed for wider access to basic social services like education, health care, water supply and sanitation, and public safety, full employment, disaster risk reduction and management, and responsive institutions.