The Bangko Sentral ng Pilipinas will re-launch the Economic and Financial Learning Center (EFLC) in its La Union Regional Office on 13 August 2009. The program will commence at 9:00 a.m., with a ribbon cutting ceremony and unveiling of the EFLC-La Union signage by BSP Governor Amando M. Tetangco, Jr., assisted by Members of the Monetary Board and the Deputy Governors.
The re-launching of the La Union EFLC is in line with the BSP’s plan to set up EFLCs in the BSP’s regional offices and branches, following the inauguration of the EFLC in the BSP’s head office in Manila last October 2008. Governor Amando M. Tetangco Jr. said that the operation of these EFLCs—which are one-stop centers where researchers, students, and visitors can access data and information produced and monitored by the Bangko Sentral in the areas of central banking, economics and finance—symbolizes our commitment to institutionalize and sustain a comprehensive financial education program for all Filipinos.
Operational since 2007, the EFLC-La Union has expanded its scope and services by upgrading its facilities and linking it with the EFLC network to ensure that all electronic resources in the EFLC in Manila are also available to visitors in La Union. Thus, economic and financial learning will be delivered to the locality of San Fernando and neighboring areas not only through more conventional media like books and periodicals, but also through technology-based interactive learning modules, informative video clips and even educational computer games. Researchers will also have a free hand to access the digitized library collection, as well as the economic statistical database to gain information on economic issues that are of interest to them.
The BSP has long recognized the value of economic and financial education as a basis for better decision-making by consumers and as a means of improving the functioning of financial markets. Through the years, the BSP has pro-actively engaged with its stakeholders through a multi-pronged program for economic and financial education, including outreach programs and advocacies in the different regions of the country. The establishment of the EFLCs–with its integrated, interactive approach to in-house information dissemination and communication–further strengthens the BSP’s commitment to the promotion of economic and financial education.