Posted on February 21, 2010 - by James

Economist Intelligence Unit: Philippines has the “best” MF environment

MANILA, Philippines – The Economist Intelligence Unit (EIU), the business information arm of The Economist Group, has declared the Philippines as the best in the world in terms of its microfinance environment.

The study conducted by the EIU looked at 55 countries and measured each country’s state of regulatory framework, investment climate and institutional development.

“In 2009, the First Annual Global Microfinance Index and Study declared the Philippines as the best in the world in terms of its microfinance regulatory framework,” the study added.

In all, the Philippines ranked third overall worldwide in terms of microfinance business environment.

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