alexa Policy issues Development Plan

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Policy issues Development Plan

The Bangko Sentral ng Pilipinas (BSP) remains at the forefront of establishing a policy and regulatory environment conducive to financial inclusion. This stems from the recognition that financial inclusion is a worthy policy objective that could and should be pursued alongside the promotion of stability and efficiency in the financial system.It is also believed that financial inclusion is a key component of inclusive growth. The BSP is actively implementing policy and program initiatives to realize the Philippine government’s vision for the financial sector: “an inclusive financial system which provides for  the evolving needs of a diverse public” (Philippine Development Plan 2011-2016). The financial inclusion initiatives of the BSP are focused on the major areas of: 1) Policy, Regulation and Supervision, 2) Financial Inclusion Data, 3) Financial Education and Consumer Protection, and 4) Financial Inclusion Advocacy.

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