Cognizant of its mandate to maintain monetary stability and the convertibility of the peso as well as promoting price and financial stability that is conducive to balanced and sustainable economic growth, the Bangko Sentral ng Pilipinas (BSP) has continued to strengthen its ties with regional stakeholders.
In line with this, the BSP recently conducted its Regional Macroeconomic Conference Series (RMCS) at the BSP Visayas Regional Office in Cebu City.
Photo shows Monetary Board Member V. Bruce J. Tolentino (2nd from left) while leading discussions on recent economic developments and issues at the RMCS in Cebu. Joining him were BSP Senior Assistant Governor Iluminada T. Sicat, BSP Acting Director Rochelle D. Tomas, BSP Deputy Director Maricris A. Salud, BSP Acting Deputy Director Maria Christina S. Masangkay, and Digital Bank Association of the Philippines Vice President Maria Lourdes Jocelyn S. Pineda.
The conference aims to discuss central banking topics such as financial literacy, consumer protection, cybersecurity, and digital payments, while also increasing the public’s awareness of macroeconomic developments that could help their business plans and decisions.
A venue to engage partners and stakeholders
During the event, Monetary Board Member (MBM) V. Bruce J. Tolentino explained that the RMCS serves as a venue for the BSP to engage its partners and stakeholders in discussing issues crucial for the success of central banking and the Philippine economy.
“Together, by providing information and sharing the information we have, we can build a collaborative agenda for economic growth,” said MBM Tolentino in a press statement.
The conference in Cebu discussed recent developments and updates on the Philippine economy, financial education and consumer protection, payments digitalization, and cybersecurity.
The RMCS aims to work toward further strengthening the local economy and shaping a collaborative development agenda for businesses, banks, and the government.
It also aims to help catalyze and propel the country’s competitive momentum.
The conference in Cebu City is the fifth in a series after virtual sessions were similarly held for audiences in Central Visayas in September 2021; in Davao and SOCCSKSARGEN regions in February 2022; North and Central Luzon in August 2022; and South Luzon in January 2023.