MANILA  -The Philippine government's efforts to help expand Filipinos' access to financial services was given a fresh boost after the Asian Development Bank (ADB) approved a $300-million loan to support this push. Dubbed 'Inclusive Finance Development Program, Subprogram 3,' the new policy-based loan supports reforms to improve financial inclusion in the Philippines by improving the country's financial infrastructure, including widening the digital financing ecosystem. The loan also supports efforts to increase the capacity of financial service providers, including rural banks and nonbank financial institutions, to offer quality products and services accessible through various delivery channels.

https://business.inquirer.net/425049/ph-gets-300-m-adb-loan-to-expand-financial-inclusion

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