Articles by Bruce MacDonald
Letter from Mindanao, Part 2: Rural banking and the promise of cacao
In part two of his exploration of the effects of ASEAN integration on banking in the Philippines, Bruce MacDonald discusses the value of targeting hard-to-reach rural clients with microfinance, SME and agricultural loans. Of particular importance: loans for cacao production, as the country is ideally placed to help address a global cacao shortage that could reach a million metric tons by 2020.
Letter from Mindanao, Part 1: The impact of ASEAN integration on banking in the Philippines
On January 1st, the Association of Southeast Asian Nations' 10 member countries inaugurated the ASEAN Economic Community, a common market whose goal is to forge a prominent regional bloc and bring economic well-being to its 625 million citizens. How will the integration affect banks in the region? In a recent trip to the Philippines, Bruce MacDonald sought the perspectives of government and central bank officials and private bankers.