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DSWD will reduce 4P’s beneficiaries after loans from World Bank and ADB are gone

Cbanga360.Net - The Bicol Street Journal

Published         18 Jul , 2017     7:03 am          88 views.

2016_0328_4Ps-enrolment

Prospective beneficiaries of Pantawid Pamilyang Pilipino Program get interviews. File photo.

The Department of Social Welfare and Development is seen to continue supporting its 4P’s beneficiaries maybe beyond 2019. This information was confirmed Monday by the agency belying rumors that Pantawid Pamilyang Pilipino Program (4Ps) is set to end in 2019.

Social Welfare secretary Judy Taguiwalo clarified the misconception and pointed out that only the counterpart financing from the World Bank and the Asian Development Bank will stop.

Taguiwalo accepted though that the dole out system of 4P’s will not get institutionalized.(In fact, it is a temporary and palliative program of the government.-Ed)

The secretary had to clarify the information to pacify doubting beneficiaries and correct circulating reports.

On December 31, 2019, the 4P’s funding loaned from the World Bank amounting to US$450 million will have been fully availed.

Also, the Asian Development Bank funded-loan of US$400 will be gone by the end of June 30, 2020.

So, if 4P’s will continue without the foreign-funded loans, the government will have to shoulder the total cost of the program, not to mention that payment of the loans will now become part of the financial burden to the government in the very near future.

With limited funds going forward with the 4P’s, the DSWD will resort to assessing the program by conducting direct contact among its beneficiaries.

The agency will then reduce the general membership once beneficiaries get qualified, more probability- get disqualified, to be included in terms of poverty levels and needs of families.

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