Financial Inclusion, Stability, Integrity, and Protection: Observations and Lessons for the I-SIP Approach from the Philippines

Drawing valuable lessons from the experience of policy makers on integrating financial inclusion

This report produced by CGAP and Bangko Sentral ng Pilipinas (the Central Bank of the Philippines) presents findings from a financial inclusion, stability, integrity, and consumer protection (collectively referred to as I-SIP) research exercise in the Philippines. It shows how Philippine policy makers have been balancing the four financial-sector policy objectives in their policy-making efforts as exemplified by five policy interventions:

  1. Mandated agricultural credit;
  2. National strategy for Microfinance;
  3. Electronic money guidelines;
  4. Regulations for microbanking offices;
  5. Draft regulations for pawnshops.

The analysis and findings presented in this report should be useful to national policy makers as they work to advance financial inclusion in their countries and face challenges of balancing this objective with the objectives of stability, integrity, and consumer protection.

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