The working groups

Photo credit: (Philippine Star, 2021)

The working groups

Working groups (WGs) shall be organized to drive the implementation of priority initiatives. WG members shall come from four (4) main groups, with representation at the appropriate level:  Government (regulators; policymakers; and LGU associations)  Providers (banks and nonbank financial institutions, telcos, internet service providers, and similar sectors; and their industry associations)  Consumers (consumer groups, civil society organizations, representatives of basic sectors, and the transacting public)  Supporting institutions (donors, development partners, academe, and think tanks)

The WGs shall perform the following:  Identify and drive implementation of programs and action plans supporting the priority initiatives;  Develop, review, and update additional intermediate and output indicators which shall form part of the M&E system of the NSFI 2022-2028; and  Present updates to the FISC.

Each WG shall have its own leadership and terms of reference (ToR) that specifies key tasks and deliverables. The WG chair shall be a full member of the FISC. Members of the WG can be subject to change based on the needs. WGs may consider having a system that formally recognizes members’ contributions, which provides an incentive to sustain their level of effort and engagement.