03 Jul Region X To Need P197 Billion Investment To Mitigate Effects Of COVID-19
Mga higala! Region X or Northern Mindanao is going to need an “investment requirement” of around P197 billion, to mitigate the effects of COVID-19 on our economy until 2022!
This was disclosed by Regional Director Myla Faye Cariño of the National Economic and Development Authority (NEDA)-10 in their recent press conference.
This is said to be the number they came up with as part of their regional recovery program.
Cariño then emphasized that it’s really challenging to maintain a balance between the health and safety of all residents while keeping the economy afloat during the current pandemic.
She also added that based on the labor force survey in April, the region’s unemployment rate increased to 11.1%.
For more details, watch the video below: