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BSP Re-launches the Economic and Financial Learning Center in its General Santos Branch Office and Conducts Economic and Financial Learning Program Activities in General Santos City

11.05.2010

The Bangko Sentral ng Pilipinas’ Economic and Financial Learning Center (EFLC) in its General Santos Branch Office will be re-launched on 10 November 2010 at 3:00 p.m. The program will include a ribbon cutting ceremony and unveiling of the EFLC-General Santos signage, followed by the blessing of the EFLC premises.   During the same event, the last leg for the year of the BSP Economic and Financial Learning Program (BSP-EFLP) will be formally opened in General Santos City.  Senior officials from BSP Manila and General Santos will host the event which will be attended by representatives of the General Santos City banking, business and academic communities, officials from other government agencies as well as member of the media.

Already in operation since 2007, the EFLC-General Santos 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 General Santos City.  Thus,  economic and financial learning will be delivered to the people of General Santos City 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.  The re-launching of EFLC-General Santos 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.

Meanwhile, the BSP-EFLP consolidates the outreach educational activities of the BSP under one flagship program.  It consists of a series of learning sessions and activities conducted in a targeted city which aim 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.  The BSP-EFLP 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 General Santos City:

  • Public information campaign on the role of the BSP in the economy, 11 November 2010, 9:00  a.m. to 1:00 p.m., East Asia Royale Hotel (Babes Function Room), National Highway,  General  Santos City;
     
  • Financial learning for microfinance clients and the unbanked , 11 November 2010, 9:00 a.m. to 3:00 p.m., East Asia Royale Hotel (Grand Ballroom), National Highway,  General  Santos City;
     
  • Financial education expo exhibit and financial empowerment course for students and the workforce, 11 and 12 November 2010, 9:00 a.m. to 3:00 p.m., Phela  Grande Convention  Center, National Highwa, General Santos City; and
     
  • Financial learning campaign for overseas Filipinos and their beneficiaries, 12 November 2010, East Asia Royale Hotel (Babes Function Room), National Highway, General  Santos City.

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1 See Annex  for the description of each program and other BSP-EFLP activities.

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