The National Strategy for Financial Inclusion 2022 to 2028 launched by the Bangko Sentral ng Pilipinas Friday targets four key outcomes, including reduced disparities in financial inclusion; improved health and resilience; more financially capable and empowered consumers; and increased access to financing by micro, small and medium enterprises , including startups, and the agriculture sector workers.
“This signifies our greater collective commitment and aspiration for a more financially included and empowered citizenry. It takes a deliberate stance to address the significant disparities in financial inclusion levels across demographics and segments,” BSP Governor Benjamin E. Diokno said.“ benefits the disadvantaged and low-income groups to reduce financial stress and help them to become more productive,” President Rodrigo R. Duterte said in a video message at the launch.
The central bank sought the assistance of the Asian Development Bank to update its inclusion strategy.Mr. Diokno has said 53% of adults had a basic deposit or an e-money account as of the first quarter of 2021. —
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