The stated purpose was to enhance competition, which was increasingly seen as a significant spur to productivity growth and elevated standards of living. Assisting in the dismantling of economic rigidities was the seemingly glacial, but persistent, lowering of barriers to cross-border trade and finance.
Again, my congratulations to all those involved in our microfinance sector a truly bright spot in these challenging times. BIS Review 59/2009  5  Mabuhay ang microfinance! Mabuhay ang Pilipinas! Salamat sa inyong lahat! Thank you and good day! 6  BIS Review 59/2009