So reflecting my own recent journey in getting my head around this area, I thought today I would have a look back at how the Bank’s work on financial stability has evolved over the past 20 years and particularly since the financial crisis.
These included the P205 billion social amelioration program covering informal sector workers, the P51 billion wage subsidies for employees of small businesses; a P1.2 billion guarantee fund for MSME loans under the PhilGuarantee; and soft loan program for MSMEs under the DTI and ACPC (P2 billion).