As Governor of the BSP, I am committed to ensuring continuity in the policies that resulted in this favorable economic environment (with room for improvements through strategic financial sector reforms). I am glad to share that real GDP rose by 6.4 percent in the first half of this year with stronger economic activity expected in the second half.
Available at http://www.mckinsey.com/industries/high-tech/our-insights/lions-go-digital-theinternets-transformative-potential-in-africa 13  Page 8 of 10  Although digital opportunities are encouraging, especially in the financial sector, numerous regulatory challenges need to be addressed, relating specifically to the development of an innovative and enabling policy environment for financial technology while at the same time managing the risks to consumers and the financial systems.