Despite high levels of internal resource generation and access to external borrowings, credit demand across sectors also had picked up quite substantially pushing the rate of investment to new heights. The increasing consumer and business confidence have been attracting foreign investment flows resulting in easy liquidity conditions in the financial system.
*  *  *  Mr. Francis Ganzon, Chairman, Rural Bankers Research and Development Foundation; the officers and members of the Rural Bankers Association of the Philippines (RBAP); our partners from the USAID led by Christian Hougen and John Owens; fellow advocates in the microfinance sector; special guests, ladies and gentlemen, good afternoon.