But, of course, public and private interests may differ when it comes to aspects such as reporting costs. While reporting costs need to be balanced against the benefits of statistics, some costs for the industry are inevitable in order to improve monitoring of the financial system and reduce the likelihood of costly financial crises occurring in the future.
These measures include: extension of financial relief to borrowers, incentivized lending, promotion of continued access to financial services, support for continued financial services delivery, and support for sufficient level of domestic liquidity and economic activity. In sum, we have injected approximately P1.9 TRILLION PESOS in liquidity into the financial system, equivalent to 9.6 percent of GDP. Why help the MSMEs?