to be inclusive and financial system can play significant roles in promoting inclusive growth, starting with financial inclusion. the people at large must have access to basic financial products including payment, savings, credit, and insurance. the pricing has to be lower, choices wider, and access better. products that we should see more of are, for example, basic savings account with no minimum balance to cater for the low - income group, low - fee payment and transfer services, micro insurance for farmers, and increased information - based lending to small businesses complementing to collateral - based lending. despite the high level of access to finance in thailand relative to other emerging asian countries, the bank of thailand regards financial inclusion as one of our top priorities. in collaboration with both banks and non - banks, we have continually put our efforts to promote financial access in many areas. they include, for instance, smes ’ credit guarantee scheme, free - of - charge fund transfer through our new faster payment system for any amount up to 5, 000 thai baht ( approximately equivalent to 145 us dollar ), no - fee bank savings account, nano finance to accommodate small borrowers, as well as the new business securities act to widen the scope of eligible collateral for secured lending. in addition, we will soon launch an unsecured debt restructuring scheme for individual borrowers with multi - creditors to address the household debt overhang. to ensure a “ good quality ” financial inclusion, financial literacy and financial technology literacy are crucial life skills for both households and small businesses. effective financial literacy would help increased consumers ’ financial discipline and understandings of financial products and their risks. thus, deepening such basic knowledge and turning concepts into changing behaviour would be particularly helpful to shelter vulnerable businesses and households from getting themselves into over indebtedness or stuck with unsuitable financial contracts. besides, as technology advancement permeates into all businesses, all lifestyles, and all sectors, if we also could ensure that households and small businesses that make up the majority of our economic agents can practically apply and benefit from the new technology, while being aware of its associated risks, then we could significantly raise their standards of living. ladies and gentlemen, that brings me to the end of my talk today. to aspire for a better standards of living for all citizens of asia for the next half century and more, we, all of us, must collectively do our part to ensure inclusive and sustainable growth. in so doing, banks and financial institutions, as the blood vessels of

and funding. strengthening of private sector definitely would have positive signal to potential foreign investors, who will be able to start business by using local comparative advantages. 1 / 2 bis central bankers'speeches numerous examples show that foreign investors are still facing complex bureaucratic procedure and inadequate legal framework. 3 however, after overcoming initial problems and period of adjustment to local conditions, foreign investors successfully run businesses for a long time and we are very proud that most of investors are staying and reinvesting in the country. potential of our country has been recognized during the recent ebrd annual meeting and business forum, which was held in sarajevo and which produced large success regarding future investment in the country. i would like to thank eu institutions, ecb and the escb for working with us on reforms. experience of these institutions is of very important for us in process of building of our system, which should be aligned with eu regulations. also, financial assistance from eu institutions and member - states make possible to carry out and complete these essential reforms. thank you 2 / 2 bis central bankers'speeches