Thursday, April 14, 2011
BANGKO SENTRAL VOWS TO PURSUE WITH GREATER VIGOR ADVOCACY PROGRAM FOR MICROFINANCE, ECONOMIC AND FINANCIAL EDUCATION, CONSUMER PROTECTION
On top of assuring the preservation of monetary and financial stability, the Bangko Sentral ng Pilipinas (BSP) vowed to continue its microfinance advocacies to promote inclusive growth and help alleviate poverty.
This is according to BSP Governor Amando M. Tetangco, in a speech delivered during the recent Economic Briefing and General Membership meeting of the Management Association of the Philippines at the Peninsula Manila.
"The BSP will continue to help create an environment of growth marked by financial inclusion. As such, our advocacy programs in microfinance, economic and financial education, and consumer protection shall be pursued with vigor," Gov. Tetangco said.
He reported that the proactive stance of BSP in microfinance, to support the development of a sustainable microfinance business in the country, expanded further the access to mainstream financial products and services to the unbanked and underserved population.
"The BSP also supported the Credit Surety Fund Program (CSFP), which was another major initiative to advance financial inclusion in 2010. The CSFP provides surety to micro, small and medium-enterprise borrowers that generally are not able to provide collateral to banks," Gov. Tetangco explained.
Through its Economic and Financial Learning Program, the BSP continues to promote greater public awareness of economic and financial issues. Through this, the BSP continued to provde information to enable households and business to make well-informed economic and financial decisions.
Tetangco added that the BSP also extended its campaign to promote a culture of saving among overseas Filipinos and their families and helped encourage the use of these savings in product investments. (END).
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CARLOS ANI - SEEDFINANCE Corporation - http://www.seedfinance.net
Email: carlosani@seedfinance.net
Landline: +63495010127 Cellphone: +639152919580
DEVJOBS - http://www.devjobsmail.com
PHILDEVFINANCE - http://phildevfinance.posterous.com http://phildevfinance.wordpress.com
CONSULTING - http://www.carlosani.com
My Clippings - http://www.myclipps.posterous.com
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