At the moment, politicians of all of the major political parties are hugely constrained by the fact that, while more economically literate than people in many other countries, the general public do not have a good understanding of some of these crucial issues.
These reforms have created buffers for the nation to withstand shocks and benefit from a more flexible policy space. The consistently sound and stable condition of the Philippine banking system – a product not only of prudent regulation and risk-based supervision, but of earnest cooperation from the sector itself – is a key anchor of our growing economy.