BSP’S two-pronged fin lit drive in education sector boosts financial learning

The Bangko Sentral ng Pilipinas (BSP) recognized the importance of developing the personal finance skills of both teachers and learners in its efforts to boost overall financial education in the Philippines.

During the recent IPON Conference, BSP Governor Benjamin E. Diokno said BSP’s two-pronged approach for the education sector involves first, embedding financial literacy concepts in the basic education curriculum, and second, integrating personal financial management in the regular training of teaching and non-teaching personnel of the Department of Education (DepEd).

As part of the first approach, Governor Diokno commended the DepEd’s “Financial Education Policy,” which integrates financial education in the K-to-12 curriculum. To support the second approach, IPON was launched to promote financial learning among DepEd workers, teachers, and parents.