BSP finance briefings in Malaybalay eye citizens’ empowerment

MALAYBALAY CITY (MindaNews / 25 Aug) – The Bangko Sentral ng Pilipinas will conduct economic and financial education briefings here from August 28 to 29 with focus on helping citizens acquire literacy in economic and financial decisions.

There will be separate sessions for students and the academic community, professionals, and the Overseas Filipino Workers.

Antonio Cintura, director of the BSP’s Economic and Financial Learning Center, said through the briefings they promote greater public awareness and understanding of economic and financial issues.

The third leg of the central bank’s Economic and Financial Learning Center’s briefings intends to “help the public acquire the knowledge and the skills needed to make well-informed economic and financial decisions.”

In a letter to Bukidnon reporters, Cintura noted that the BSP’s economic and financial learning program (EFLP) also embodies the goal of the BSP to promote economic and financial education among its stakeholders.

The BSP envisions “more effective partners” in maintaining stable prices as well as in ensuring a stronger and safer banking and payments system.

The BSP will hold “Financial Education Expo” for students and members of the academe on August 28 at the Loiza’s Pavilion. Another session, for professionals, is scheduled on August 29 in the same venue.

The BSP information campaign for both students and for professionals includes recent economic developments and the role of the BSP in the economy. The campaign will stress on the three pillars of central banking – price stability, financial stability and efficient payments and settlements system.

There will also be a “Paghahanda sa Kinabukasan” Financial Learning Campaign for Overseas Filipinos and their Beneficiaries on August 29 at the Pine Hills Hotel.

The OFW information drive, organized in coordination with the Overseas Workers Welfare Administration (OWWA), is meant to help bring overseas Filipinos and their beneficiaries into the fold of the formal financial system and enable them to participate more meaningfully in the country’s economic development, the announcement added.

Officials from BSP, as well as from the Department of Trade and Industry (DTI) and the Department of Agriculture (DA), were scheduled to brief participants on the importance of remittances, financial planning, investment and business options and agri-business opportunities.

The Financial Education Expo also includes learning activities for students, professionals and others from the public and private sectors, learning booths with audio-visual presentations, graphic displays and interactive activities that “will help participants become self-reliant in promoting their financial welfare.”

As part of the exposition, two separate sessions of the Financial Empowerment Course, will also be for students and members of the work force.

According to the BSP, the learning sessions will present the importance of financial education, the Philippine financial system, basics of budgeting, saving, investing and borrowing, financial planning for life-cycle events, and credit card awareness.