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BSP cites partner institutions in Mindanao

Business | Banking & Finance

BSP cites partner institutions in Mindanao

By Lee C. Chipongian

The Bangko Sentral ng Pilipinas’ (BSP) Mindanao Regional Office (MRO) recognized seven outstanding partner institutions last Dec. 5, 2023, in Cagayan de Oro City, during the 2023 Outstanding BSP Stakeholders Appreciation Ceremony (OBSAC).

The BSP commended the following stakeholders in Mindanao: Department of Environment and Natural Resources Region XIII; Philippine Science High School, Zamboanga Peninsula; Department of Education - Misamis Oriental Division; National Economic and Development Authority Regional Office XIII; Ministry of Trade, Investments and Tourism - Maguindanao Provincial Office; City Government of Davao; and Ministry of Agriculture, Fisheries, and Agrarian Reform (MAFAR) - Bangsamoro Autonomous Region in Muslim Mindanao (BARMM).

In a statement, Monetary Board Member Rosalia V. De Leon, formerly the national treasurer, formally thanked the BSP partners in Mindanao for helping the central bank “fulfill its mandates to support our economy and to make lives better for our people.”

Meanwhile, BSP Deputy Governor Bernadette Romulo-Puyat said these financial experts, industry leaders, and community advocates has contributed to “shape policies that stabilize and stimulate our economy.”

BSP started recognizing its partner institutions in 2004. These are institutions that participate in some of the BSP surveys and other projects in its "pursuit of price stability, financial stability, and a safe and efficient payments and settlements system."

Partner institutions have also been recognized for bolstering the BSP’s advocacies on financial inclusion, financial education, sustainable finance, and proper handling of banknotes and coins, said the BSP.

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