The Bangko Sentral ng Pilipinas (BSP) and its partner organizations are working on online and innovative training platforms to broaden the reach of financial education (fin-ed) and strengthen consumer protection.
It made the announcement during the launch of the Innovative Financial Education Programs at the BSP Manila head office on Aug. 5, 2024.
The BSP said it created the BSP E-Learning Academy (BELA—an online platform that provides e-learning courses on personal finance, economics and central banking. It complements the BSP’s existing fin-ed programs that are delivered face-to-face and through other modalities. Select stakeholders are now testing BELA, which is expected to be fully accessible to the public by the second quarter of 2025.
“Our initiatives are designed to help people safeguard credit cardholders from potential pitfalls, transform over 37,000 DSWD employees and 3,600 local social welfare officers into champions of financial literacy, and capacitate over 10.8 million Filipino farmers and fisherfolk through innovative educational tools,” said BSP Deputy Governor Bernadette Romulo-Puyat.
The event also served as venue for the signing of separate fin-ed partnership agreements for the BSP by Romulo-Puyat, representing Governor Eli Remolona, Jr., with Department of Social Welfare and Development (DSWD) Secretary Rex Gatchalian, Department of Agriculture (DA) Undersecretary Asis Perez, Credit Card Association of the Philippines (CCAP) chairman Rolando Ebreo, BDO Foundation (BDOF) president Mario Deriquito and BDO Unibank Inc. president and BDOF trustee Nestor Tan.
BSP managing director Charina De Vera-Yap underscored the role of partner agencies in BSP’s fin-ed initiatives.
Launched at the event was the first batch of the BSP-BDOF fin-ed e-learning modules, covering financial planning, budgeting and saving, and debt management. These can now be accessed through BELA and will soon be available on the e-learning platforms of the BSP’s institutional fin-ed partners.
Additional six courses being developed by the BSP-BDOF include the basics of investing, fraud and scams, financial consumer protection, digital financial literacy, Personal Equity Retirement Account, and relevant economic indicators. These will also be made available through BELA and to BSP’s institutional partners.
Be the first to comment