Philippines Real Time Monitoring of COVID-19 Impacts
Highlights (3)
cash
investment
funds
credit
leasing
loan
@x
Coping
Strategies
Access to Financial
services
●
Very few households
faced difficulties in
accessing financial
services.
Difficulties were
essentially related to
mobility restrictions
and fear to contract the
virus.
Knowledge &
Behavior
●
Most households are
aware of the pandemic
and government
actions.
• Most households adopt
prevention measures.
•
Safety nets
Three in four households
received assistance from the
government (cash, food, and
non-food). The coverage for the
poorest quintile households
reached nearly 90%, though
about 60% of those in the richest
quintile also benefited.
Coping mechanisms
Reducing food consumption
was most common (75%) followed
by delaying payment obligations
(60%).
There was a huge difference in
coping mechanisms by income
group: poorer households rely on
reducing food consumption and
borrowing from family/friends vs.
richer households drawing down
savings and taking formal
credits.View entire presentation