TY  - BOOK
ED  - World Bank.
ED  - World Bank.
TI  - Philippines Financial Sector Assessment Program Update: Access to Finance
T2  - Financial Sector Assessment Program
PY  - 2011///
CY  - Washington, D.C.
PB  - The World Bank
KW  - Access to Finance
KW  - Accounting
KW  - Accreditation
KW  - Agricultural Sector
KW  - Bank Accounts
KW  - Banking Sector
KW  - Business Development
KW  - Business Development Services
KW  - Capacity Building
KW  - Capital Requirements
KW  - Collateral
KW  - Commercial Banks
KW  - Consumer Protection
KW  - Cooperatives
KW  - Deposit Insurance
KW  - Employment
KW  - Expenditures
KW  - Factoring
KW  - Finance and Development
KW  - Finance and Financial Sector Development
KW  - Financial and Private Sector Development
KW  - Financial Literacy
KW  - Financial Regulation & Supervision
KW  - Financial Services
KW  - Housing
KW  - Income Tax
KW  - Interest Rates
KW  - International Finance
KW  - Legislation
KW  - Microfinance Institutions
KW  - Microinsurance
KW  - Money Laundering
KW  - Moneylenders
KW  - Profitability
KW  - Remittances
KW  - Retirement
KW  - Return On Equity
KW  - Risk Management
KW  - Securities
KW  - Small and Medium Enterprise Support
KW  - Standards and Financial Reporting
KW  - Transaction Costs
KW  - Transport
KW  - Urbanization
N2  - 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
UR  - http://elibrary.worldbank.org/doi/book/10.1596/27415
ER  -