Thursday Jun 10, 2021
In rising tide of financial inclusion, PHL seeks to lift all boats
TWO years ago, then central bank Governor Nestor A. Espenilla Jr. set out to put the country shoulder to shoulder with 14 nations in the world. It was a noble ambition.
The impetus came along with the release of the World Bank’s comprehensive database on global financial inclusion. The 2017 Global Findex database, a data set that is published every three years, showed that the Philippines has one of the weakest financial inclusion coverages in the region, as reflected by the low account-penetration in its adult population.
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