The Department of Economics organized a Policy Forum on Social Production and Risk Management in observation of the 14th Development Policy Research Month last September 29, 2016 at Albert Van Gansenwinkel Hall, Downtown Campus.
Along with the department is the Philippine Institute for Development Studies (PIDS), which has been recognized as Southeast Asia’s Best Think Tank of Social Policy for four years, and an arm organization of National Economic and Development Authority (NEDA).
The three-part forum mainly focused on risk reduction to improve the resilience of Philippines, most especially Region VII.
Speakers from PIDS presented their authored researches. A panel discussion with representatives from different associations occurred afterwards. The representatives are Mr. Alberto Divinagracia of Philippine Crop Insurance Corporation (PCIC), Dir. Dionisio C. Ledres, Jr. of NEDA, Engr. Ancieto C. Rebayla of PCIC Region VII, Dr. Celia Reyes of PIDS, Dr. Ballesteros, acting VP of PIDS, and Mr. Julian Thomas B. Alvarez from the Department of Economics.
The first research presented was penned by Dr. Celia Reyes along with Mr. Julian Alvarez. The study was regarding the impact of the PCIC insurance program on the net income of corn farmers in Cebu, Bohol and Siquijor, citing whether it was effective or not. One of the key findings was that it had a positive impact on the net income of farmers with more than 0.5 hectares of land area.
The next paper, written by Dr. Marife M. Ballesteros, focused on the housing aspect, more specifically, for the urban poor families or informal settlers (IFS). According to Dr. Ballesteros, with the number of disasters cornering Filipino families, a resilient community is a must.
Dr. Ballesteros discussed the design, implementation process and impact of the Community Mortgage Program (CMP), a program developed as a financing assistance for families, especially those of less economic stability.
She also emphasized on the notion that the government and Social Housing Finance Corporation (SHFC) should come up with an income-based subsidy program since those below the poverty line usually are not able to qualify for the standard requirements.
Mr. Christopher C. Bacungan, Chair of the Department of Economics, then concluded the program with his closing remarks.