The Bangko Sentral ng Pilipinas (BSP) conducted a series of webinars last June and July 2020 in partnership with the Council of Economics Educators, Inc. (CECON). BSP resource persons discussed: 1) the role of the BSP in the economy in promoting price stability, financial stability, and efficient payments and settlements system (Mr. Arnel Adrian Salva of the Economic and Financial Learning Center (EFLC)); 2) BSP’s conduct of monetary policy to achieve its mandate of promoting price stability (Dr. Hazel Parcon-Santos of the Center for Monetary and Financial Policy; and 3) BSP’s policy actions to complement the national government’s efforts to mitigate the effects of COVID-19 in the country (Mr. Eduard Joseph Robleza of the Department of Economic Research). Meanwhile, Ms. Ruby Cres Gayda of CECON shared the pedagogical approach in teaching the said BSP topics to aid educators in imparting these economic concepts to their students.
The BSP and CECON share the same objective of promoting economic education in the country, specifically in enhancing the capacity of educators to teach basic economic concepts to both senior high school and college students. These webinars were attended by around 1,200 economic educators from both senior high schools (SHSs) and higher education institutions (HEIs) nationwide.
In line with the effort to bring the BSP closer to the Filipino people, the BSP, through the EFLC, has been conducting various learning activities using different platforms to introduce the role of the BSP in the economy. This initiative aims to make the BSP’s central banking functions more understandable to the general public and, at the same time, generate support in the implementation of BSP’s policy actions.
Source: Bangko Sentral ng Pilipinas (BSP)