The central bank will lead the signing in July of a memorandum of understanding among 12 government agencies of the Philippines involved in drafting a national strategy for financial inclusion (NSFI).

An inter-agency body has been promoting the inclusion of yet unserved and underserved markets in the national financial system, which the Bangko Sentral ng Pilipinas (BSP) considers as one clear way of ensuring sustained and broad-based inclusive growth, a principal goal of the government.

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