Senior Assistant Governor



Senior Assistant Governor
Monetary Policy Sub-sector

Iluminada T. Sicat is the Senior Assistant Governor (SAG) of the Monetary Policy Sub-sector, which is in-charge of providing highly technical and policy advisory assistance to senior management and the Monetary Board on matters pertaining to the 1) effective formulation and implementation of monetary policy initiatives; (2) conduct of research, and economic and financial forecasting; and (3) generation and dissemination of monetary, financial, and external sector statistics.

(SAG) Sicat started her career at the BSP in 1983 at the Department of Economic Research, an office under the Monetary and Economic Sector (MES). She became Director of the Department of Economic Statistics, MES in 2005. From 2009-2011, SAG Sicat was seconded to the International Monetary Fund (IMF) as Senior Advisor at the South East Asia Voting Group (SEAVG).

In 2012, SAG. Sicat became Managing Director of the then Currency Management Sub-sector (CMSs) in charge of the BSP’s currency operations in Metro Manila, and in December 2015 was assigned Head of the Regional Monetary Affairs Sub-sector (RMASs), where she provided guidance and direction in the operation and management of the three (3) Regional Offices and nineteen (19) Branches of the BSP. In September 2019, she was appointed back to the MES to head the Monetary Policy Sub-sector.

Ms. Sicat is a graduate of Bachelor of Science in Statistics from the University of the Philippines and holds a master’s degree in International Affairs from the Columbia University as a World Bank scholar.