As part of a shared mission to make financial education accessible to more Filipinos, the Bangko Sentral ng Pilipinas (BSP) and BDO Foundation launched six new financial education e-learning modules. These modules complete the target of both organizations to produce a total of nine that are accessible through the BSP E-Learning Academy.
In his message to the partners, BSP Governor Eli Remolona Jr. reiterated the role of the central bank in providing foundational knowledge on financial education to help the general public grasp financial concepts crucial to their daily life and the economy.
“Central banks need to be bilingual. Fluent not only in market speak, but also in inclusive language that resonates with the public. This is where financial literacy comes in. To make people understand policies better, institutions like the BSP should communicate more clearly and effectively. This fosters engagement, informed financial decisions, and a more inclusive economy,” he shared.
The new batch of modules covers topics on personal finance such as: Basics of Investing, Fraud and Scams, Financial Consumer Protection, Digital Financial Literacy, Personal Equity and Retirement Account, and the BSP’s Role in the Economy.
The initial batch of e-learning modules was launched in 2024 – covering such topics as Financial Planning, Budgeting and Saving, and Debt Management.
TESDA: First partner institution to leverage e-learning materials
The Technical Education and Skills Development Authority (TESDA), the first institution to use the first set of e-learning modules through the TESDA Online Program, plans to use the new e-learning modules to advance the financial education knowledge of its learners.
BDO Foundation president Mario Deriquito expressed his gratitude to the partners, who support this shared mission of financial inclusion. He highlighted the importance of investing in innovations that are aligned with the times, so that financial education remains borderless and accessible to more Filipinos.
“Trust that BDO Foundation will remain committed to the task of ensuring that more Filipinos are equipped with the right tools and knowledge that would lead us closer to our goal of financial inclusion,” he underscored.
The e-learning modules will soon be available on platforms of other partner institutions to reach more sectors.
A staunch advocate of financial inclusion, BDO Foundation supports the National Strategy for Financial Inclusion of the BSP, spearheading and co-implementing other financial education programs, targeting specific sectors of society in partnership with other agencies.
Partners in financial education. The BSP, TESDA, and BDO Foundation reaffirm their commitment to making financial education accessible to the public. (Photo courtesy of the BSP)
