According to bank documents, the Government of the Philippines recognizes that access to financial products and services is a key component of an inclusive economic growth agenda. But it also recognizes that despite having a strong, conducive regulatory environment for financial services, the Philippines still has a low level of financial inclusion. The proposed Inclusive Finance Development Program will support government efforts to increase financial inclusion in the country. The program is consistent with the Philippine Development Plan 2017–2022, the government’s 10-point socioeconomic agenda, and the Asian Development Bank (ADB) country partnership strategy, 2011–2016 for the Philippines; and is included in ADB’s country operations business plan, 2018–2020 for the Philippines.
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ACCOUNTABILITY MECHANISM OF ADB
The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main