Our program aims to cover millions of our entrepreneurial poor through our microfinance advocacy; millions of students through the integration of saving and money management in our elementary curriculum in cooperation with the Department of Education; millions of OFWs and their families on growing their money through investments or entrepreneurship; and the general public through a network of economic and financial literacy centers that the Bangko Sentral shall set up.
They also benefit small investors by providing them access to risk-free gilt edged securities. The Mutual funds are allowed to participate in the Interest Rate Swap (IRS) market for the purpose of hedging their own balance sheet risks. However, their participation has remained quite muted. The IRS market, although very liquid, suffers from a low customer base of around 1 per cent.