The crisis also highlighted weaknesses in liquidity management by major firms. Short-term secured funding of long-term, potentially illiquid assets – through repurchase agreements and asset-backed commercial paper conduits, for example – became unavailable or prohibitively costly during the worst phases of the crisis, both here and abroad.
On the other hand, SOCCSKSARGEN Region successfully hurdles the challenge with its competitive cities and provinces leaping strides. Meanwhile, BARMM achieved several significant investments feats and withstood gaps and challenges . While our current experiences pose challenges, it is also a reminder that a robust financial and banking system combined with proactive policies can mitigate the impact of CoVID-19.