The proposal also provides for an amendment to the collective action clauses (CACs) included in government securities. The ESM’s governance and tasks regarding financial assistance to member countries.
This is reflected in data on banks’ utilization of MSME loans as compliance with the BSP’s reserve requirements. As of the reserve week ending October 1, 2020, an average of P120.9 billion in MSME loans was used as compliance with the BSP’s reserve requirements, a substantial increase from the P8.7 billion in MSME loans reported in April 2020.