*  *  *  It is my pleasure to be invited to deliver this keynote speech in this 2nd International Forum on Microfinance sponsored by INAFI Philippines. I welcome this opportunity to share with you the progress that we have achieved thus far in promoting microfinance in the banking sector.
In year 2000, the BSP took up the challenge of promoting the development of sustainable microfinance. Since then we have focused on creating an enabling regulatory policy, supporting training and capacity building, drumming up support from potential practitioners, and strengthening working ties with other institutions for a broader microfinance network.