Outgoing President Rodrigo Duterte has approved the Bangko Sentral ng Pilipinas’ (BSP) memorandum circular on the whole-of-government approach to promote the updated six-year National Strategy for Financial Inclusion (NSFI).
Outgoing President Rodrigo Duterte has approved the Bangko Sentral ng Pilipinas’ memorandum circular on the whole-of-government approach to promote the updated six-year National Strategy for Financial Inclusion .
The new circular directs all government agencies to incorporate the NSFI into all its relevant priority initiatives in the agency work programs, policies and budgets. The Office of the President issued Memorandum Circular No. 97 last week, June 23. It institutionalizes the whole-of-government support for the implementation of the NSFI 2022-2028 and the adoption of financial inclusion as a development agenda at both the national and subnational levels.
The updated NSFI’s primary objective is financial resilience since many Filipinos, especially the poor, are facing increased vulnerabilities from the health crisis and climate change.
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