Inclusive Finance - Financial Inclusion
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The BSP and Financial Inclusion
In 2007, the BSP became the first central bank in the world to have an office dedicated to financial inclusion. This is in recognition of the importance of financial inclusion and its ability to uplift not only the welfare of many Filipinos, but also its significance to the overall economy of the country.
With the signing of Republic Act (RA) No. 11211 on 14 February 2019 amending the BSP’s charter, financial inclusion and its complementary objectives of financial literacy and consumer protection became a mandate for the BSP. The amended charter states “In the attainment of its objectives, the Bangko Sentral shall promote broad and convenient access to high quality financial services and consider the interest of the general public.”
Created:6/17/2020 3:02 PM by:
Pambid Frederick D.
Modified:8/14/2020 2:25 PM by:
Pambid Frederick D.
