Philippines

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What is your assessment of the BSP’s ability to mitigate the economic challenges brought about by the pandemic and facilitate recovery?

 

Which factors help banks alleviate the economic implications of the pandemic?

 

The Philippines’ financial services sector entered the Covid-19 pandemic on a solid footing, thanks to decades of regulatory reform to address the vulnerabilities exposed by the 1997-98 Asian financial crisis. Strong capital buffers, high levels of provisioning and near-universal public health cover insulated the country from many of the...

 

Recent years have seen the issue of climate change and its ecological and economic effects move more clearly into the spotlight. It is now widely accepted that the planet cannot sustain current high-carbon industrial and consumer behaviours. With better and more reliable scientific knowledge on the subject available, economic models used to...

 

To what extent has legislation been utilised over the course of 2020 to mitigate the economic and social impact of the Covid-19 pandemic?

 

While the pandemic has placed extra strain on the Philippines’ health care system, increased awareness of health risks could lead to a spike in private insurance coverage. With around 415,000 recorded cases and 8000 virus-related deaths as of mid-November, 2020, the Philippines has been one of the hardest-hit countries in South-east Asia...

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