The Government Financial Institutions Unified Initiatives to Distressed Enterprises for Economic Recovery Act or the GUIDE Bill seeks to strengthen the capacity of the Landbank and Development Bank of the Philippines to provide access to credit to distressed enterprises as a result of the pandemic.
And all of us – the Federal Reserve, the Administration, and the Congress – must continue in this posture. We must keep our ultimate objectives for the economy firmly in mind – sustained recovery to high levels of output and  8  BIS Review 44/2009  employment with price stability. We will continue to adapt our policies as necessary to accomplish these objectives.