By Malacañang on Friday (Canada time) said the Philippines’ classification as an upper middle income country should not be seen as the end goal of the country’s economic development.
In a press briefing here at the Sutton Place Hotel, Palace Press Officer Claire Castro said the country’s new status is a milestone that reflects economic progress, but acknowledged that many Filipinos still face financial challenges.
“At ito po ay hindi naman ibig sabihin na ang bawat Pilipino ay nasa lebel na hindi na magkakaroon ng financial challenge. Alam po natin sa ngayon na marami pa rin pong mga kababayan natin kailangan ang tulong, kinakailangan ang magandang trabaho (This does not mean that every Filipino is now at a level where they will no longer face financial challenges. We know that many of our fellow citizens still need help and decent jobs),” she added.
