As enabler, the BSP has issued regulations on the Sustainable Finance Framework that banks must adhere to. In a nutshell, the Framework emphasizes the tone from the top and sets out the duties and responsibilities of the board of directors in changing the strategic thrust and embedding risk consciousness within the organization.
But the very large reduction in interest rates, the lower exchange rate and the major fiscal initiatives will work to support demand, increasingly so as the year goes on. Inflation is likely to continue its moderation that began in the December quarter, and to do so faster than expected six months ago.