TWO years ago, then central bank Governor Nestor A. Espenilla Jr. set out to put the country shoulder to shoulder with 14 nations in the world. It was a noble ambition.
The impetus came along with the release of the World Bank’s comprehensive database on global financial inclusion. The 2017 Global Findex database, a data set that is published every three years, showed that the Philippines has one of the weakest financial inclusion coverages in the region, as reflected by the low account-penetration in its adult population.
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