We are convinced financial inclusion is one of the ways to make economic growth more broad-based and inclusive. That said, we also recognize that inclusive growth will only be realized if our countrymen are given sustainable access – not just to finance- but also to basic human necessities: including safe and clean water.
Here, public-private partnerships are a feasible solution to the low level of investments in the water supply sector. ASEAN integration is another area of opportunity. With the passage of Republic Act No. 10641, full entry of foreign banks into the Philippines is now allowed. Qualified ASEAN banks can enter the local market.