We reiterated the crucial role of international coordination. On the economic front, the recovery in production exceeded the forecasts. In some countries, the measures for macroeconomic stabilization eventually created demand pressures that, given the supply constraints, caused a marked rise in inflation.
Allow me to walk you through the two sustainability-related Frameworks issued by the BSP which will facilitate in mobilizing funds to green or sustainable investments and projects. The Sustainable Finance Framework, issued in April 2020, provides the overarching principles in integrating sustainability principles and environmental, social and governance considerations in banks’ corporate and risk governance frameworks, strategies and operations.