Deputy Governor



Deputy Governor
Monetary and Economics Sector

Deputy Governor (DG) Francisco G. Dakila, Jr. received his Ph. D. and MA in Economics and B.S. in Economics (magna cum laude) from the University of the Philippines School of Economics. He is a lifetime member of the Philippine Statistical Association and the Philippine Economics Society, wherein he also served as Secretary and Board Member from 2005-2006. He is also a member of the International Input-Output Association. He is currently an Associate Editor of the Philippine Review of Economics. He has published papers in the Philippine Review of Economics, Philippine Statistician, Bangko Sentral Review, and BSP Working Paper series, as well as chapters in several publications of the BSP, including Money and Banking in the Philippines: Perspectives from the Bangko Sentral ng Pilipinas, and Philippine Central Banking: A Strategic Journey to Stability.

Before joining the BSP, he worked at the United States Agency for International Development and at the Agricultural Credit Policy Council. He also taught at the University of the Philippines School of Economics and De La Salle University in Manila.

As Deputy Governor of the Monetary and Economics Sector, Dr. Dakila supervises the sector in maintaining internal and external monetary stability, liquidity, and preserving the convertibility of the peso. He oversees the efficient implementation of the programs and activities which include among others: (1) Development of monetary policy initiatives for more effective formulation and implementation of monetary policy; (2) Promotion of monetary stability and external sustainability through enhanced management of external debt and other foreign exchange accounts; (3) Implementation of appropriate policies and regulations and ensure a more proactive BSP participation in bilateral, regional, or international cooperation efforts that seek to promote the stability and strength of the global economy and financial system; and, (4) Development of loans and credit initiatives for more effective formulation and implementation of loans and credit programs, specifically on rediscounting, credit operations, loan recovery, and foreclosure of assets and real estate properties.