A financially literate community of civil servants. That's the goal of the Civil Service Commission (CSC), Bangko Sentral ng Pilipinas (BSP), and Banco de Oro Foundation, Inc. (BDO) as they signed a Memorandum of Agreement today, 19 July 2019, to mainstream financial education in learning and development programs for government workers. In photo (L-R): CSC Commissioner Leopoldo Roberto W. Valderosa Jr., BSP Corporate Services Sector Deputy Governor Dr. Maria Almasara Cyd N. Tuaño-Amador, CSC Chairperson Alicia dela Rosa-Bala, BDOF President Mario Deriquito, and BDOF Trustee Lazaro Jerome Guevarra during the MOA signing at the CSC Resource Center, Quezon City.
Financial education will now be part of the Civil Service Commission’s (CSC) learning and development (L&D) program for government workers.
This was announced by CSC Chairperson Alicia dela Rosa-Bala during the Memorandum of Agreement (MOA) signing with the Bangko Sentral ng Pilipinas (BSP) and Banco de Oro Foundation, Inc. (BDOF) on 19 July 2019 at the CSC Resource Center.
“Financial education is crucial in building the financial skills of our government workers,” Bala said. “As the premiere human resource (HR) institution of the Philippine government, the CSC is concerned with employee welfare and benefits. It’s good that we now have financial education to complement those HR concerns.”
CSC’s partnership with the BSP and BDOF aims to integrate financial education in government training programs, initially within CSC’s own learning and development programs, and then in other government agencies. BSP will be pilot-testing its modules and tools for key CSC trainors to conduct financial education seminars and workshops for CSC and other government employees nationwide. Topics to be covered include financial planning, saving, budgeting, debt management, investments, financial scam prevention, and consumer protection, to name a few.
BDOF, on the other hand, will contribute its expertise and resources for the project as part of its corporate social responsibility.
This initiative is based on Executive Order No. 208 of 2016, which established the Financial Inclusion Steering Committee (FISC) led by the BSP. The FISC implements the National Strategy for Financial Inclusion or NSFI, which seeks to provide Filipinos with skills in managing their finances, taking advantage of economic opportunities, and guarding against financial or economic shocks. The NSFI identifies strategies for financial inclusion covering four areas: policy, regulation, and supervision; financial education and consumer protection; advocacy; and date and measurement.
For more information, please coordinate with the CSC Office for Human Resource Management and Development at (02) 932-0181 or (02) 951-2639.