Central Bank of the Philippines governor outlines lending transparency initiatives

amando-tetangco

The governor of the Central Bank of the Philippines, Amando Tetangco, on July 26 emphasised the need for transparency in microfinance lending, and outlined a number of central bank efforts to improve disclosure of information.

Speaking at the Microfinance Council of the Philippines' annual conference, Tetangco said it was important to "warn against over-indebtedness and other risks to microfinance, and to guide micro-entrepreneurs to handle their finances better and build ventures that last".

To

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