The Philippine economy in particular has been consistently growing by 5.3% per year, driven by favourable economic conditions and strong macroeconomic fundamentals. However, this promising growth can only be achieved sustainably and inclusively if roadblocks currently faced by the lifeblood of the country’s economy - its small and medium-sized enterprises (SMEs) - are addressed.
Originally posted on WEF website.
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![Many SMEs in the Philippines suffer from poor access to credit - could fintech be the answer? Image: REUTERS/Eloisa Lopez Image: REUTERS/Eloisa Lopez](/sme-d8/dev/sites/default/files/styles/large/public/WEFarticle-Reuters.jpg?itok=tN68DNau)