11211 of 2019 amending the BSP charter elevates financial inclusion and its complementary objectives of financial literacy and consumer protection from advocacies to an institutional imperative.
Section 3 states: “In the attainment of its objectives, the Bangko Sentral ng Pilipinas shall promote broad and convenient access to high quality financial services and consider the interest of the general public.” In the Philippine Development Plan 2017–2022 (PDP), financial inclusion indicators, such as the level of account penetration, have been incorporated as part of the impact measurement framework.