The Duterte Administration’s 4-Pillar Socioeconomic Strategy Against COVID-19

Pillar 1:

Emergency support for vulnerable groups (initial estimate of P305 billion)

Pillar II:

Marshalling resources to fight COVID-19 (health insurance coverage for all COVID-19 patients; special risk allowance, hazard pay, and personal protective equipment (PPE) for frontline health workers; increased testing capacity; etc.)

Pillar III:

Fiscal and monetary actions to finance emergency initiatives and keep the economy afloat (P610 billion of available financing and P220 billion of liquidity infusion)

Pillar IV:

An economic recovery plan to create jobs and sustain growth.

The Duterte Administration’s 4-Pillar Socioeconomic Strategy Against COVID-19

Source: https://www.dof.gov.ph/the-duterte-administrations-four-pillar-socioeconomic-strategy-against-covid-19/