PBBM names Rosalia de Leon as Monetary Board member

Malacañang on Saturday announced that President Ferdinand Marcos Jr. has appointed National Treasurer Rosalia de Leon as a member of the Monetary Board of the Bangko Sentral ng Pilipinas.

Marcos cited de Leon's expertise and dedication to serving the finance sector in the country.

De Leon, who has served three presidents as national treasurer, played a "critical role" in developing effective borrowing strategies and implementing credit enhancements to ensure access to the most cost-effective financing options.

Marcos believes de Leon's expertise in shaping monetary policies and managing foreign reserves can contribute to the stability of the country's banking system.

"I am profoundly honored to be entrusted with this prestigious role as a Monetary Board member of the Bangko Sentral ng Pilipinas," De Leon said.

"I recognize the significant impact my decisions in this role can have on the lives of our fellow Filipinos. I am committed to working towards financial stability, fostering growth, and contributing to the overall well-being of our nation," she added.

De Leon, meanwhile, has expressed unwavering commitment to helping the country's growth and diversification of the domestic capital market.

The Palace cited de Leon's distinguished career at the Department of Finance where she has served in various roles including director and undersecretary for the International Finance Group, as well as chief-of-staff.

"As the Undersecretary for the IFG, she successfully oversaw various significant transactions, including the issuance of Global Peso Notes and several Liability Management Exercises," the Palace said in its statement.

"These exercises effectively reduced the Philippine government's funding costs, extended maturity profiles, and converted foreign exchange liabilities into local currency," it added.

De Leon also held the role of alternate executive director at the World Bank Group in Washington DC, representing Brazil, Colombia, the Dominican Republic, Ecuador, Haiti, Panama, the Philippines, Suriname, and Trinidad and Tobago.

She was also a former advisor to the executive director of the Asian Development Bank.

De Leon obtained her Master of Arts in Development Economics from Williams College in Massachusetts, United States of America.