Post on 31-Dec-2015
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Accelerating Financial Inclusion in Asia and the Pacific
Waikiki Resort Hotel, HonoluluSeptember 15, 2011
UNDERSECRETARY GIL S. BELTRANDepartment of Finance – National Credit
CouncilPhilippines
Absence of financial inclusion policy
Proliferation of subsidized government credit programs
Unsustainable private financial institutions dependent on government cheap funds
Lack of access by the poor from formal financial services
Low outreach of government credit programs
Undisciplined borrowers
Weak private sector participation
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Ranks the Philippines among 54 countries:
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