key is [ to make ] the reference to asia - although it is very, very hard to refer to it - as a single entity. but we, i think, can work together, and this diversity actually presents a lot of opportunities, just as it is fraught with challenges. 1 / 2 bis - central bankers'speeches where all these put us is that we face a lot of interlinked uncertainties at both regional and global levels. these affect all of us. one can easily make the case that global disruptions require global solutions. but as any economist knows, the bigger the group, the harder it is for collective action to be rational. [ we can refer to ] the famous [ kenneth ] arrow impossibility theorem : " individually rational people are not necessarily collectively rational. " they prefer a to b, or b to c, and c to a. welcome, all of you. i look forward to a very fruitful conference. thank you for coming, and i hope you enjoy your stay here in mactan. let me turn the floor over to [ reserve bank of india ] deputy governor [ rajeshwar ] rao. 2 / 2 bis - central bankers'speeches

/ 4 bis central bankers'speeches pera presents an opportunity for small investors to grow their retirement funds. harnessing technology, pera can now be accessed digitally. this digital pera was launched as a one - stop shop digital experience for investor education, client onboarding, settlements, and investment monitoring. this platform allows investors to open, access, and invest in a range of funds through their pera account anytime, anywhere, here and abroad, through their mobile devices. creating a community of investors require industry players to adopt a financial inclusion mindset. and i urge you to take this to heart. but creating a community of investors requires a financially literate public and strong market conduct reinforced by sound consumer protection mechanisms. thus, financial education is a significant part of bsp ’ s efforts. we have entered into partnerships with the government and industry counterparts to institutionalize financial literacy training for target segments. these partnerships are facilitated through our national strategy for financial inclusion ( nsfi ). our financial education partnerships with institutions like the department of education ( deped ) can reach 29 million learners and over 800, 000 teachers ; and with the overseas workers welfare administration, 2. 3 million ofws and 14 million overseas filipinos. our financial education advocacy has also expanded to include digital literacy, which is timely given the massive digital shift driven by the pandemic. the objective of our digital literacy program is to build trust and confidence in the digital finance ecosystem by increasing the public ’ s knowledge and capability to reduce risks and vulnerabilities arising from use of digital financial services. to enrich our customer insights and as a way of bringing our services closer to the people, we have launched the bsp online buddy ( b. o. b. ). b. o. b. harnesses machine learning and artificial intelligence ( ai ) to answer queries and concerns from the public and improve efficiency in our consumer assistance mechanism ( cam ). that said, growing the market for investments to support financial inclusion requires a concerted effort among stakeholders. i encourage pru life uk investments to explore ways to enrich customer experience and bring its financial services closer to filipinos. i hope you take advantage of the opportunities our recent initiatives offer. in closing, let me quote the “ oracle of omaha ”, renowned investor warren buffet : “ never depend on a single income, make an investment to create a second source. ” through our recent initiatives, we aim to encourage more filipinos to try available investment products that can