In line with the objectives of the Philippine National Strategy for Financial Inclusion, the Bangko Sentral ng Pilipinas (BSP) successfully conducted financial education (Fin-Ed) exposition aimed at boosting financial literacy in the country.
Held from 27 to 28 November 2018 at the SMX Convention Center, the exposition was attended by various participants including key stakeholders, leaders, decision-makers, influencers and representatives from both public and private institutions as well as development partners, international organizations, civic society and the academe.
BSP Deputy Governor Chuchi Fonacier graced the event where she said every Filipino has its own “significant role to play” to achieve a high level of financial literacy in the country.
“We want this generation and the next ones, to be highly literate and financially capable to attain prosperity. We have the collective ability to make this happen,” Fonacier said at her keynote address.
Department of Education (DepEd) Secretary Leonor Magtolis-Briones likewise highlighted the significant role of the 800,000 strong DepEd personnel in imparting financial values such as prudent money management to young learners.
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Organized by the BSP, the fin-ed expo was supported by various financial institutions and corporations such as the Asian Development Bank, Bank Marketing Association of the Philippines, the Praxis Company and Visa Foundation.
Expo activities included talks on financial stewardship by well-known personal finance coaches and advocates such as Francis Kong, Salve Duplito, Rose Fres Fausto, Ardy Roberto, Chinkee Tan and Randell Tiongson.
Moreover, plenary discussions focused on the financial education landscape in the Philippines and around the world, innovative approaches to delivering financial education messages to a variety of audiences and examples of private sector initiatives in financial education as part of their corporate social responsibility.
Other activities in the expo include a special theater production dubbed as “Lukot-Lukot, Bilog-Bilog” which tried to explain saving and budgeting concepts while an interactive board game called the Praxis Game simulates market situations and real-life socio-economic scenarios.
