The overarching objective is the reduction of  BIS Review 33/2005  1  poverty and improvement in the quality of life of our peoples. In this regard, the ADF is a key instrument in the pursuit to reducing poverty in the region. Poverty in the region may not be the same as the abject poverty of some countries in Asia.
In this regard, we are particularly pleased that tonight, the entire banking sector is expressing its support for this crucial advocacy that stands to benefit consumers, retailers, banks, and the BSP In particular, we are happy that the Bankers Association of the Philippines, the Chamber of Thrift Banks, the Rural Bankers Association of the Philippines, the Bank Marketing Association of the Philippines, and the Philippine Retailers Association have declared their full commitment to support our Coin Recirculation Program under a Memorandum of Agreement for this purpose .