On top of this, we also have a very active private sector that is carrying out various altruistic initiatives to alleviate the plight of affected Filipinos. On the part of the BSP, we coordinate well with the National Government in addressing the needs of the country in saving lives and livelihoods, even as we continue to strictly observe our independence.
We have maintained pro-active relations with regional forums as well as with multilateral institutions. Together with other central banks, we pursue mutual objectives and initiatives that, in general, contribute to economic growth and financial stability. The pandemic has provided us with an opportunity to widen our engagement and intensify our policy dialogues.