Hello, PIDS friends! Here's our #PIDSFactFriday for the week on financial inclusion in the country.

A PIDS study that analyzed the state of financial inclusion in the Philippines revealed that individuals with less education and from low-income households are more likely to be “involuntarily” excluded from the formal financial sector. The study thus emphasized the need to strengthen the basic education of the general populace, particularly in mathematics and numeracy, and to continue strengthening the enabling environment for alternative forms of financial inclusion.

Know more about the study titled “Understanding and Measuring Financial Inclusion in the Philippines” here: https://pids.gov.ph/publications/7586.

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