A National Strategy for Financial Education (NSFE), which aims to strengthen the financial health of Filipinos, will be released this year, the Bangko Sentral ng Pilipinas (BSP) said Thursday.<\/p>\n
In a statement, the BSP said the NSFE is being refined through consultations with stakeholders.<\/p>\n
The NSFE envisions a society where individuals and families have the knowledge, confidence and resilience to make sound financial decisions through accessible and effective financial education programs.<\/p>\n
On Wednesday, the BSP convened government agencies, private sector partners, civil society organizations and development institutions at its head office in Manila for a consultation.<\/p>\n
During the consultation, the BSP and its partners presented key findings on the country\u2019s financial education landscape and introduced the draft NSFE framework.<\/p>\n
Stakeholders also took part in workshops to share insights and identify initiatives to refine the NSFE and guide priority actions.<\/p>\n
These discussions, the BSP said, build on earlier consultations and research on existing financial education initiatives, gaps, and priority areas.<\/p>\n
The central bank said input from stakeholders will be consolidated and analyzed to further improve the NSFE.<\/p>\n
\u201cNo amount of research can replace the insights of those doing the work on the ground. That is why consultations matter. A national strategy only becomes meaningful when government, industry, civil society, and development partners work together to make it succeed. That is when it becomes more than a document,\u201d BSP Deputy Governor Bernadette Romulo-Puyat said.<\/p>\n
The NSFE receives technical assistance from the World Bank and input from the Foreign, Commonwealth & Development Office.<\/p>\n
It will form part of the broader National Strategy for Financial Inclusion 2022\u20132028 and will be endorsed to the Financial Inclusion Steering Committee for further approval. (PNA)<\/p>\n","protected":false},"excerpt":{"rendered":"
The strategy is expected to strengthen financial education programs across different sectors of society.<\/p>\n","protected":false},"author":73,"featured_media":263148,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19565],"tags":[],"class_list":["post-263147","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business-today"],"zyndk8_nxtgen_metadata":{"nxtgen_comments":[{"9357":"bsp program\r","9358":"ok yan tuloy lang ang programa \ud83d\udc9a\r"}]},"_links":{"self":[{"href":"https:\/\/uptownmanila.com\/index.php?rest_route=\/wp\/v2\/posts\/263147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uptownmanila.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uptownmanila.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uptownmanila.com\/index.php?rest_route=\/wp\/v2\/users\/73"}],"replies":[{"embeddable":true,"href":"https:\/\/uptownmanila.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=263147"}],"version-history":[{"count":0,"href":"https:\/\/uptownmanila.com\/index.php?rest_route=\/wp\/v2\/posts\/263147\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uptownmanila.com\/index.php?rest_route=\/wp\/v2\/media\/263148"}],"wp:attachment":[{"href":"https:\/\/uptownmanila.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=263147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uptownmanila.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=263147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uptownmanila.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=263147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}