BSP PLEDGES TO CLOSE FINANCIAL LITERACY GAP AMONG FILIPINOS

The Bangko Sentral ng Pilipinas (BSP) is committed to narrowing the financial literacy gap among Filipinos by emphasizing the importance of financial health. BSP Deputy Governor Bernadette Romulo-Puyat stressed the pivotal role of financial education in constructing a sustainable and equitable financial system. Through financial education, Filipinos can become financially healthy, with the ability to meet financial needs, handle financial shocks, reach goals, and attain financial control and security. However, the Philippines ranks low in financial literacy globally, with only 1% of surveyed Filipino adults correctly answering financial literacy questions in a BSP survey. The BSP is partnering with industry stakeholders to provide personal finance education, produce learning modules for educators and learners, conduct teacher seminars, and introduce Personal Finance 101 courses for college students, all aimed at improving financial literacy nationwide. Available at: BSP bridges financial literacy gap among Filipinos | Philippine News Agency (pna.gov.ph)