accelerating financial inclusion in asia and the pacific waikiki resort hotel, honolulu september...
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3 Government Regulatory bodies, financial institutions and line agencies involved in credit delivery Private-sector associations representing, among others, banks, cooperatives and NGOs NATIONAL CREDIT COUNCIL
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Accelerating Financial Inclusion in Asia
and the PacificWaikiki Resort Hotel, Honolulu
September 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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