REACTION PAPER

In the time of covid 19 pamdemic, the Philippine government had a good decision
to avail loans for health protection and financial inclusion.

It is always been a good catch to provide the citizens of the Philippines massive and
extensive health protection benefits as well as financial inclusion cause government
has this responsibility to make move on the stability of this aspect. In all circumstances
that we are facing nowadays, this move of the Philippine government is quite impressive
even it somewhat certainly harms the borrower or the loaner because of its debt interest
(Philippines). They absolutely got the right strike on how to deal with the first concern
and problem of every individual under their custody. Moreover, this decision of them
entails that they have undeniable care for the welfare of Filipinos unleashing the fact
that we still have existing loans and debts in the different alliance and countries and
World Bank. They were truly making efforts to make impossible things turned to
possible just to help out. Yes, it maybe loans or debts but it covers three purposive
results for concerned parties cause having financial inclusions creates an integrative
opportunities for individuals, businesses and also to the Philippine economy. In this
pandemic period, an ordinary citizen can more likely and easily manage expenses at
their own risk. They would also have definite and smooth consumption of their earnings
and financial properties. They would also be that responsible to save for the future,
invest most of their moneys in education and health and most especially to make sure
of having safe and secure payments. In businesses, financial inclusions covered by
loans availed by a businessmen can more easily thrive and grow. It also mitigates
shocks and risks. It can more easily invest in people and assets, making sure for having
safe and secure payments and even reducing transaction costs for their businesses. In
economies having financial inclusions can more easily allocate resources and diversify
economic participation. Having these, it leads to a more complex flow of economy that
create jobs and even innovations particularly innovative practices for the country in
order to gain efficiency and raise competitiveness to the global world. To make this
simple and short, having financial inclusions creates avenue for a greater social and
economic well-being for an individual, deliver higher profits, competitiveness and growth
to every small and large businesses in the country and provides higher economic
growth and decreased inequality (income, gender).

Taking the consideration of having such reasons for financial inclusion, health
protection nowadays is also s primary concern not just by the government but also by
every individual in the country. We all know that Philippines in that ready when this virus
invaded the country and this pandemic period started, we do lack of budgets in terms of
health concerns and needs. Medical front liners and public officials are currently battling
for the nation to be filled with hope and resilience despite of pandemic but in the
contrast of context, they were also given the not that much priority nowadays. If we
were going to base progress in the statistics reported in the different news platforms, we
absolutely infer that we are lacking for much stuff in terms of medicals aspects. There
were lacks of hospitals, quarantine facilities, doctors and even salary increase to our
modern heroes (front liners). But it does not end there; we all know that Philippine
government is trying to build an innovative way on how to protect these people that
leaded them find loans for health protection of these people and to all citizens. Just like
the benefits of providing inclusion to the Philippine citizen, this has also a massive effect
on the flow of the economy. Building trust in terms of ensuring the health condition of
the citizens is also building the nation. It inhibits the most effective way of giving respect
to every individuals serving and giving their life for the Philippines to recover. The
government should only be that flexible in catering the needs of all. Make move as
immediate as they can because there were no way out but to deal in this existing
problem.

Everyone believes that this has an ending; this pandemic will end so soon and
let us just leave it there. The debts and loans of the Republic of the Philippines is not
just the responsibility of the government itself but the obligation also of the citizens in
this Republic. Remember that in all means, the government help us out to recover and
stand again with this trials and challenges. The most important thing we need to keep in
mind is to be positive that whatever happens we have the government that we can lean
on and be the support system whether they are lacking or not.