Towards this end, the BSP is working with the Japanese Government on the development of this Credit Risk Database for MSMEs. This is a comprehensive statistical reference tool for riskbased lending. This will lessen the dependence of banks on collateral, hence increase MSME access to financing.
The BSP also strongly supports the passage of the GUIDE Bill which proposes measures to strengthen capacity of government financial institutions to provide financing to MSMEs and other strategically important companies. Let me now share some thoughts as to how the TMAP can contribute to our national efforts, especially in the crucial areas to our growth.