Philippines Financial Sector Assessment Program Update Access to Finance. [electronic resource] :
- Washington, D.C. : The World Bank, 2011.
- Financial Sector Assessment Program .
- Financial Sector Assessment Program World Bank e-Library. .
This technical note on access to finance addresses six questions: 1) what is the access to and use of financial services in the Philippines, how does it vary, and how does it compare to other countries? 2) What financial services are available to different market segments? 3) How do different categories of financial institutions contribute to outreach, and what is their potential to expand outreach? 4) How does the regulatory environment support access to finance? 5) What financial infrastructure is available to make credit decisions? 6) What are the results of government policies or programs to promote access to financial services? The note concludes with recommendations to improve access to finance. An estimated 30 percent of Filipinos use formal financial services. This is lower than the East Asia region average. Access to finance has improved since the 2002 Financial Sector Assessment Program (FSAP). The provision of financial services to low-income individuals has expanded. The Philippines has received international recognition for its favorable regulatory policies to promote pioneering use of mobile payments technology and its microfinance regulatory framework.
10.1596/27415
Access to Finance
Accounting
Accreditation
Agricultural Sector
Bank Accounts
Banking Sector
Business Development
Business Development Services
Capacity Building
Capital Requirements
Collateral
Commercial Banks
Consumer Protection
Cooperatives
Deposit Insurance
Employment
Expenditures
Factoring
Finance and Development
Finance and Financial Sector Development
Financial and Private Sector Development
Financial Literacy
Financial Regulation & Supervision
Financial Services
Housing
Income Tax
Interest Rates
International Finance
Legislation
Microfinance Institutions
Microinsurance
Money Laundering
Moneylenders
Profitability
Remittances
Retirement
Return On Equity
Risk Management
Securities
Small and Medium Enterprise Support
Standards and Financial Reporting
Transaction Costs
Transport
Urbanization
This technical note on access to finance addresses six questions: 1) what is the access to and use of financial services in the Philippines, how does it vary, and how does it compare to other countries? 2) What financial services are available to different market segments? 3) How do different categories of financial institutions contribute to outreach, and what is their potential to expand outreach? 4) How does the regulatory environment support access to finance? 5) What financial infrastructure is available to make credit decisions? 6) What are the results of government policies or programs to promote access to financial services? The note concludes with recommendations to improve access to finance. An estimated 30 percent of Filipinos use formal financial services. This is lower than the East Asia region average. Access to finance has improved since the 2002 Financial Sector Assessment Program (FSAP). The provision of financial services to low-income individuals has expanded. The Philippines has received international recognition for its favorable regulatory policies to promote pioneering use of mobile payments technology and its microfinance regulatory framework.
10.1596/27415
Access to Finance
Accounting
Accreditation
Agricultural Sector
Bank Accounts
Banking Sector
Business Development
Business Development Services
Capacity Building
Capital Requirements
Collateral
Commercial Banks
Consumer Protection
Cooperatives
Deposit Insurance
Employment
Expenditures
Factoring
Finance and Development
Finance and Financial Sector Development
Financial and Private Sector Development
Financial Literacy
Financial Regulation & Supervision
Financial Services
Housing
Income Tax
Interest Rates
International Finance
Legislation
Microfinance Institutions
Microinsurance
Money Laundering
Moneylenders
Profitability
Remittances
Retirement
Return On Equity
Risk Management
Securities
Small and Medium Enterprise Support
Standards and Financial Reporting
Transaction Costs
Transport
Urbanization