Vulnerable sectors in Pasig City will gain access to practical financial management training aimed at improving economic well-being and building long-term financial resilience under a new city initiative.

In line with municipal efforts to promote participatory governance, the local government of Pasig partnered with the BDO Foundation and the Bangko Sentral ng Pilipinas (BSP) to expand financial education programs across the city.

Target beneficiaries include relocated families, micro-entrepreneurs, persons recovering from drug use, solo parents, persons with disabilities, and senior citizens.

Aligned with the central bank’s National Strategy for Financial Inclusion, the program is designed to complement existing municipal livelihood and social reintegration initiatives.

“After completing livelihood and skills training, they also need to understand how to manage and sustain a business,” said Zenaida Concepcion, officer-in-charge of the Pasig City Anti-Drug Abuse Office.

“Financial assistance is available through the local government, but financial education helps ensure that beneficiaries are equipped to make informed decisions and improve their quality of life,” she added.

BDO Foundation president Mario A. Deriquito cited that the initiative aligns with broader national and global development objectives.

“Empowering people with financial knowledge contributes not only to stronger families and communities but also to broader national development goals of reducing poverty, promoting decent work, and building inclusive and sustainable societies,” Deriquito said.

The partnership forms part of BDO Foundation’s ongoing financial literacy advocacy alongside the BSP and public and private sector organizations to help Filipinos develop sustainable financial habits.