We are therefore looking at this program as a way to help raise the savings rate in the Philippines. I understand that yesterday many of our foreign delegates visited the Aurora Quezon Elementary School to observe how financial lessons are taught and to hear how banks are implementing their Kiddie Account Programs. Did you find it useful? That is good to know.
There has been an investment drought rather than a savings glut. 2  BIS Review 113/2006  (iii)  Surpluses in oil exporting countries  The large current account surplus of the oil exporting countries has also emerged as a new source contributing to the global imbalances. The Middle East region recorded current account surpluses of 18.5 per cent of GDP in 2005.