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BSP Conducts Learning Activities in Ilagan City

06.10.2013

The Bangko Sentral ng Pilipinas (BSP) will conduct the first leg of its Economic and Financial Learning Program (BSP-EFLP) for 2013 in Ilagan City on 18-20 June. The BSP-EFLP consolidates the educational outreach activities of the BSP under one flagship program.  It includes a series of learning sessions and activities which aim to promote greater public awareness and understanding of key economic and financial issues. The BSP-EFLP also embodies the goal of the BSP to promote economic and financial education among its stakeholders, who can then become more effective partners of the BSP in maintaining stable prices as well as in ensuring a stronger and safer banking and payments system.

Specifically, the following component programs of the BSP-EFLP will be conducted:

  • “Be up to SPeed on BSP,” Information Campaign on the Role of the BSP in the Economy, 18 June 2013, Tuesday, 9:00 a.m. to 12:00 noon (for students) and 2:00 p.m. to 5:00 p.m. (for professionals), Marjs Hotel, Ilagan City;
  • Financial Education Expo for Students and Members of the Academe, 19 June 2013, Wednesday, 8:00 a.m. to 5:00 p.m., Provincial Capitol Hall, Ilagan City; 
     
  • “Paghahanda sa Kinabukasan,” Financial Learning Campaign for Overseas Filipinos and their Beneficiaries, 19 June 2013, Wednesday, 8:30 a.m. to 3:00 p.m., Marjs Hotel; and
     
  • Financial Education Expo for the Working Sector, 20 June 2013, Thursday, 8:00 a.m. to 5:00 p.m., Provincial Capitol Hall, Ilagan City.
     

The “Be up to SPeed on BSP” information campaign will cover topics on recent macroeconomic developments and the role of the BSP in the economy, with emphasis on the three pillars of central banking, i.e., price stability, financial stability and efficient payments and settlements system.  Two sessions will be conducted, one for students and another for professionals including representatives from government agencies, business sector, and banking community.

The “Paghahanda sa Kinabukasan” Financial Learning Campaign for Overseas Filipinos and their Beneficiaries (FLC-OF), which is organized in coordination with the Overseas Workers Welfare Administration (OWWA),  aims to educate participants on the importance of using remittances to build up savings and directing these into investments in financial products and business ventures. Through this learning advocacy, the BSP hopes to help overseas Filipinos and their beneficiaries achieve financial independence and security, bring them into the fold of the formal financial system, and enable them to participate more meaningfully in the country’s economic development.  Officials from the BSP, as well as from the Department of Trade and Industry (DTI) and the Department of Agriculture (DA), have been invited to give briefings on topics such as the importance of remittances, financial planning, investment/business options and agri-business opportunities.

Meanwhile, the Financial Education Expo offers various financial education activities for students, employed individuals (both from the public and private sectors) and professionals. It features learning booths with audio-visual presentations, graphic displays and interactive activities that will help participants become self-reliant in promoting their financial welfare.  Two separate sessions of the Financial Empowerment Course, which is an integral part of the Expo, will also be conducted for students and members of the work force.  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.

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