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Manila Bulletin devider Business devider De Leon vows to promote financial stability

De Leon vows to promote financial stability

Published Sep 2, 2023 10:00 am

The appointment of Rosalia V. De Leon, a long-time national treasurer of the Philippines, to the top policy-making body of the central bank, is a recognition of her expertise and dedication to the financial sector.

On Saturday, Sept. 2, the Presidential Communications Office announced De Leon's appointment as a member of the Monetary Board of the Bangko Sentral ng Pilipinas (BSP).

De Leon is a highly respected government official whose tenure as national treasurer spanned three presidencies.

She has played a critical role in developing effective borrowing strategies and implementing credit enhancements to ensure access to the most cost-effective financing options.

De Leon also handled the formulation of adequate operations guidelines for the Philippines’ fiscal and financial policies.

"I am profoundly honored to be entrusted with this prestigious role as a Monetary Board member of the BSP,” De Leon said.

"I recognize the significant impact my decisions in this role can have on the lives of our fellow Filipinos. I am committed to working towards financial stability, fostering growth, and contributing to the overall well-being of our nation,” she added.

In her new role, De Leon will contribute her expertise in shaping monetary policies, managing foreign reserves, and ensuring the stability of the country’s banking system.

Furthermore, she has expressed her unwavering commitment to persistently contribute towards the growth and diversification of the domestic capital market.

De Leon has had a distinguished career at the Department of Finance (DOF), where she has served in various roles including Director and Undersecretary for the International Finance Group (IFG), as well as Chief-of-Staff.

As the Undersecretary for the IFG, she successfully oversaw various significant transactions, including the issuance of Global Peso Notes and several Liability Management Exercises.

These exercises effectively reduced the Philippine government’s funding costs, extended maturity profiles, and converted foreign exchange liabilities into local currency.

She also held the role of Alternate Executive Director at the World Bank Group in Washington D.C., representing Brazil, Colombia, the Dominican Republic, Ecuador, Haiti, Panama, the Philippines, Suriname, and Trinidad and Tobago.

In addition, De Leon held the position of Advisor to the Executive Director of the Asian Development Bank (ADB).

De Leon obtained her Master of Arts in Development Economics from Williams College in Massachusetts, United States of America.

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Bangko Sentral ng Pilipinas (BSP) Monetary Board National Treasurer Rosalia V. De Leon
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