The OAS, NISTADS and NIHERST need to be commended for bringing together such an excellent group of leading professionals in science and technology, higher education, training and labour markets to exchange views with us on critical socio-economic transformation issues facing developing countries.
We recently issued frameworks for enhanced risk management, open finance, and the creation of digital banks—all of which help further strengthen the financial system and hasten the digitalization of the Philippine economy. The pandemic has been a catalyst in the exponential rise in the use of electronic payment channels.