The Bangko Sentral ng Pilipinas will re-launch the Economic and Financial Learning Center (EFLC) in its Bacolod Branch Office on 20 October 2010. The program will commence at 3:00 p.m., with a ribbon cutting ceremony and unveiling of the EFLC-Bacolod signage, followed by the blessing of the EFLC premises. During the same event, the BSP Economic and Financial Learning Program (BSP-EFLP) for Bacolod City will be formally opened. Senior officials from BSP Manila and Bacolod will host the event which will be attended by representatives of the Bacolod banking, business and academic communities, officials from other government agencies as well as member of the media.
The re-launching of EFLC-Bacolod is in line with the BSP’s master plan to set up EFLCs in the BSP’s main office in Manila and in its 21 regional offices and branches nationwide. Already in operation since 2007, the EFLC-Bacolod 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 here in Bacolod City. Thus, economic and financial learning will be delivered to the people of Bacolod 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 browse the digitized library collection, as well as the economic statistical database to gain information on economic issues that are of interest to them.
Meanwhile, the BSP-EFLP consolidates the outreach educational activities of the BSP under one flagship program. It aims to promote greater awareness and understanding of essential economic and financial issues to help the public acquire the knowledge and develop skills needed to make well-informed economic and financial decisions and choices. It also embodies the BSP’s thrust to promote inclusive and proactive economic and financial education among its stakeholders, based on the underlying philosophy that a citizenry that is well-informed in economics and finance is a more effective partner of the BSP in maintaining the effectiveness of monetary policy as well as in ensuring a stronger and safer banking and payments system. At the same time, a knowledgeable citizenry is able to contribute more meaningfully to economic development and benefit better from the opportunities that it brings.
Specifically, the following component programs1 of the BSP-EFLP will be conducted in Bacolod City:
- Public information campaign on the role of the BSP in the economy, 21 October 2010, 8:30 a.m. to 1:00 p.m., Business Inn Grand Ballroom, No. 28 South Lacson St., Bacolod City;
- Users’ forum on BSP-produced statistics, 21 October 2010, 1:00 to 4:00 p.m., Business Inn Grand Ballroom;
- Financial learning for microfinance clients, 21 October 2010, 9:00 a.m. to 3:00 p.m., Business Inn Grand Ballroom;
- Financial education expo exhibit and financial empowerment course for students and the workforce, 21 and 22 October 2010, 9:00 a.m. to 3:00 p.m., Benjamin Hall, 4th Lacson St., Bacolod City; and
- Financial learning campaign for overseas Filipinos and their beneficiaries, 22 October 2010, 9:00 a.m. to 3:00 p.m., Business Inn Hotel.
1See Annex (attached) for the description of each program and other BSP-EFLP activities.