sustainable development

A worker weighs bananas in a packing plant in Davao de Oro. Most women in the banana farming industry work in these plants, each handling hundreds of trimmed banana clusters per day. (Photo: Dada Grifon/IDEALS)

Connecting the dots: How Bangko Sentral’s new sustainable finance framework can benefit farmers and businesses post-COVID

August 24, 2020

The Bangko Sentral ng Pilipinas (BSP), or the Philippine Central Bank, signed a Sustainable Finance Framework for all banks in the country. With the new sustainable finance framework, banks are tasked to be more conscious of the social and environmental impact of the loans they approve – and, subsequently, the conditions attached to it.