Central bank kicks off virtual financial stakeholders education expo

24Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno leads the opening ceremonies of the 4th Financial Education (FinEd) Stakeholders Expo today. With the theme, “Financial Literacy as Critical Enabler for Personal and National Economic Resiliency”, the 2021 FinEd Expo will run from 22 to 26 November 2021 on a virtual and interactive platform that enables participants to attend financial literacy learning sessions and join exclusive discussions with industry leaders as well as local and international experts.

“As a regulator, our responsibility is to support the development of adequate, safe, and accessible digital payment streams, digital financial infrastructures, and digital literacy programs for consumers,” the Governor said.

Over the next four days, the expo will be hosted via the event portal (BSPFinEdExpo2021.vx-events.com) with simultaneous livestreams on the BSP Facebook page (@BangkoSentralngPilipas) and BSP-managed financial education Facebook page (@Pisolit).

Joining the Governor in the opening ceremonies are leaders of BSP’s financial education (fin-ed) partners from the Armed Forces of the Philippines; Bureau of Fire Protection; Civil Service Commission; Commission on Higher Education; Department of Agriculture; Department of Education; Department of Social Welfare and Development; Department of Trade and Industry; Overseas Workers Welfare Administration; and the Philippine National Police.

The expo will cover cryptocurrency risks and returns; stock market investing; retirement preparation through investing in Personal Equity and Retirement Account (PERA); credit card management; entrepreneurship; customer centricity; and behavioral insights into financial decision-making.

The Expo will also showcase BSP’s partnership programs, including the fin-ed excellence awards and the customer centricity awards, co-organized with BSP’s private sector partners.  Personal financial strategies behind the success of celebrity guests like Nico Bolzico and Piolo Pascual will also be featured. In addition, youth attendees and educators will participate in interactive sessions like a theatre webisode production and a financial literacy digital gameplay.

The Expo’s dedicated website and app allow participants to walk through an online gallery of learning resources on financial literacy as well as monetary policy and economics housed at the virtual Economic and Financial Learning Center. They may also visit interactive digital booths of the BSP’s 30 institutional partners at the virtual Exhibit Hall.

Virtual viewers are encouraged to stay tuned throughout the Expo sessions for the chance to win raffle prizes from Expo Partners and Exhibitors.

By working with institutional partners from the public and private sectors, the BSP aims to enhance the financial literacy levels of Filipinos through sustainable and scalable fin-ed programs for targeted audiences.

“The BSP Financial Education Partnerships Framework and our Digital Transformation Roadmap, coupled with our various financial inclusion and consumer protection policies and regulations, contribute to the collective financial resilience of our people and our nation,” the Governor said.

Financial literacy and education is a crucial component of the BSP’s financial inclusion agenda.  By equipping consumers and business enterprises with the necessary knowledge and skills to make informed financial decisions, financial education stimulates demand for and effective use of well-designed financial products.

This will catalyze wider availability and accessibility of welfare-enhancing financial services that benefit market segments, particularly the low-income and vulnerable clients.

Most sessions of the five-day expo will be livestreamed on the BSP social media page. For more information, the Expo program can be accessed here: https://tinyurl.com/Expo2021Program.