Answer the following questions:

1. What are your take-aways from the webinar?

2. What topic are you most interested?
3. In your opinion, how can BSP make an impact to the economic development of our country?
1.
 BSP is digital now in time of pandemic as they bring them closer to us.
 BSP will continue to be a beacon of stability and dynamism at this time of crisis.
 Will continue to ensure smooth and functioning economy by providing sufficient
liquidity to financial markets.
 Their policy responses will continue to be timely and decisive.
 Deputy governor Amador says that ang ulat ng BSP sa bayan ay isang paraan ng BSP
para mapalapit sa sambayanang Pilipino
 Deputy governor Francis Dakila talks about challenges of covid 19 and BSP’s constant
and excellent financial service
 Book of the BSP unbound – decisions, strategies and policy measures
 Deputy governor Fonacier talks about book of no one left behind written by Chelo
Banal-Fermoso and Linda Bolido
 Ideas into institutional policies
 Testimonies of how these policies impacted the lives of Filipinos
 Achievements and aspirations
 20 yrs compiled insights
 Deputy governor Fonacier
 Benjamin Diokno governor of BSP and chairman of the monetary board
 Reform innovate transform
 RA 11211 Amendments to the New Central Bank Act
 Price stability- to keep prices affordable for Filipino families
 Financial stability- banks remain strong and stable to protect and extend financial
services
 Efficient payments and settlements- digital payments
 Liquidity measures, incentivized lending, regulatory and financial relief
 Mitigate impact of pandemic through immediate measures
 Flexibility
 Short term provisional advances 540 B to the national government
 Helping the economy recover from pandemic though bayanihan 1 and bayanihan 2
 Digital financial transactions and services were raised from 2020 like PESONET
 He aims that 50% of financial transactions be done digitally and 70% of Filipino adults
has ffinancial accounts
 Innovative and digital financial transactions
 3 critical pillars
 1. Development of digital payment streams
2. Establishment of digital financial structures
3. Implementation of digital governance standards and regulation of digital products and
services
 FISC enables open access to data transmission bill
 BSP pledges that their service is for the well-being of the Filipinos especially now at
these trying times.

2. I am most interested about the platform of BSP now especially that there is pandemic and the
facilities are limited when it comes to financial services and transactions.

4. The development of the economy depends on the flow of money and services for the
government and people. BSP is the one responsible for the circulation of money in the
economy with regards to the supply and demand. They are also responsible for the
financial statements that is transparent to the public for its fairness. It is then important
that BSP should do its function in our country very well and address every problem that
the country may encounter like this pandemic for example. BSP should always strategize,
make ways for innovative financial transactions that solve economy crisis and save the
country’s monetary well being for every Filipino family.