While account ownership grew over the last 4 years from the launch of the NSFI in 2015, the 2019 Financial Inclusion Survey showed that 71% or an estimated 51 million remain unreached by the formal financial system. With these realities and other significant developments transforming the country’s financial inclusion landscape, our vision and strategy must evolve to reflect new exigencies, demands, and opportunities.
Within the BSP, we have also embraced sustainability principles with the formal launch of our Sustainable Central Banking Program. This program, which will run from 2020–2023 will advance the sustainability agenda by fostering environmentally responsible and sustainable policies and work practices, as well as integrating Environmental, Social and Governance aspects, in the BSP’s key operations and functions.