the capital needed to preserve Luzon’s watershed areas, Socioeconomic Planning Secretary Arsenio Balisacan said on Thursday.
In a recorded message, Balisacan discussed the new direction being taken by Baguio City and the provinces of Kalinga, Ifugao, Benguet, Abra, Apayao, and Mountain Province during the launching ceremony here of the 2023-2028 Cordillera Administrative Region Development Plan , which was attended by all of the region’s governors.
Balisacan said the Cordillera appeared to have coped better than other regions, having ranked as the second-fastest growing economy in 2022. The Cordillera’s gross regional domestic product contracted by 10.2 percent in 2020 when the pandemic struck, but bounced back last year, with an 8.7-percent growth in GRDP.
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