Typhoon Haiyan: UN launches P2.6bn Philippines aid appeal
Tuesday, November 12, 2013
At least 10,000 people are feared to have been killed by Typhoon Haiyan, which struck the central Philippines on Friday.
The UN says more than 11 million people are believed to have been affected by the storm and some 673,000 displaced.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...