Given the structural and market reforms we had painstakingly put in place since the Asian Financial Crisis, it can be said that the present crisis came at a time when the Philippine economy is in a position of relative strength. Indeed, our sound macroeconomic fundamentals have served us well.
On December 7, 2010, the Bank carried out the second new loan disbursement under the fund-provisioning measure to support strengthening the foundations for economic growth, so that the amount of loans disbursed now totals about 1.5 trillion yen.