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Continued from page 4 food production, logistics and supply chain challenges, and pressure from domestic demand.

It also expects headline inflation to settle at 5.7 percent this year, 3.6 percent in 2024, and 3 percent in 2025.

To address inflation, Doorn said reducing tariff and non-tariff barriers, enhancing domestic supplies and bolstering agriculture with extension services, seeds, and fertilizers are needed.

“In the face of escalating prices, a comprehensive strategy is needed to guarantee sufficient food for everyone. This entails a more productive agriculture and food system that is resilient to climate risks, serves all consumers, and competes effectively on both local and global markets,” he said. The World Bank also cited the need to sustain investments in climate change initiatives, particularly in the agriculture sector.

These include measures such as extending water-saving drip irrigation systems to rainfed areas, bolstering the resilience and productivity of agricultural lands, and enhancing water storage capacity for a consistent supply during prolonged dry periods.

Over the long-term, the World Bank calls for a transition towards cleaner energy to further the country's climate change mitigation efforts.

It said the shift towards clean energy would not only decrease dependence on imported fossil fuels but also enhance energy security through increased use of indigenous and renewable energy sources.

PBBM calls for LGUs' support for socioeconomic, legislative plans

President Ferdinand R. Marcos Jr. on Thursday called on the local government officials to support his administration’s socioeconomic agenda and legislative priorities.

Marcos made the call during the oath-taking of the new set of national officers of the Vice Mayors’ League of the Philippines (VMLP).

“So, I take this opportunity to rally your support behind our socioeconomic plan and the administration’s legislative priorities. To this day, our vice mayors are important instruments in our bureaucracy and in our delivery of services to the public,” he said in a speech delivered before the vice mayors. “It is now upon us to solidify the groundwork upon which this transformation is based, and to make sure that it gains traction, especially at the local level,” he added.

Marcos stressed the importance to ensure the full implementation of the Philippine Development Plan (PDP) 2023-2028, an economic recovery roadmap which outlines the strategies to attain economic and social transformation for a "prosperous, inclusive and resilient society."

On Jan. 27, Marcos signed Executive Order 14, approving the PDP 2023-2028 which is anchored on the eight-point socioeconomic agenda aimed at reinvigorating job creation and accelerating poverty reduction while addressing the issues brought by the coronavirus disease 2019 (Covid-19) pandemic.

Marcos said critical programs and projects for the Filipino people should be “felt in their localities, in a sufficient and timely manner.”

He said collaborative effort is key to achieving the national government’s goals.

“Of course, LGUs (local government units) are not alone in this exercise. Through strategic capacitybuilding efforts and partnerships with the national government and the private sector, these can be accomplished even in the short-term, well within our terms of office,” Marcos said.

"So, that is… how we see the relationship between the national government and the local governments, especially the local legislatures which you all shared,” he added.

Marcos also reassured the LGUs that his administration will continue to recognize and advocate for their autonomy as they serve their localities.

He said the LGUs will get his full support for "effective and meaningful" local autonomy.

This, as Marcos also acknowledged that fulfilling legislative priorities may pose a challenge to LGUs, especially in streamlining and digitalizing their operations.

“As I have consistently advocated, LGUs can be assured of this government’s support for effective and meaningful local autonomy,” he said, adding it could be achieved through optimal devolution of functions and services. (MNS)