While the Philippines is one of the world’s best regulatory environment for micro finance institutions (MFIs), there is still a need to measure the development of the sector, according to BSP Governor Amando Tetangco Jr.

Speaking before the delegates of the 2013 Microcredit Summit: Partnership Against Poverty held on Wednesday at the Philippine International Convention Center in Pasay City, the BSP governor said that the country must come up with metrics or a way to measure the progress in the area.

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