To modernize financial education, the Bangko Sentral ng Pilipinas (BSP) has introduced its inaugural set of e-learning modules, developed in partnership with the BSP-BDO Foundation (BDOF). These modules address crucial subjects including financial planning, budgeting, saving, and debt management. Unveiled at the Innovative Financial Education Programs event in Manila, this launch represents a major step forward in the BSP's dedication to enhancing financial literacy.
Additionally, the BSP has unveiled the BSP E-Learning Academy (BELA), an online platform dedicated to personal finance, economics, and central banking education. BELA is designed to complement existing face-to-face and other financial education programs. While currently being tested by select stakeholders, BELA is expected to be fully available to the public by the second quarter of 2025.
Strategic Partnerships for Targeted Financial Education
In conjunction with these new platforms, the BSP has established strategic partnerships with several key organizations, including the Department of Social Welfare and Development (DSWD), Department of Agriculture (DA), Credit Card Association of the Philippines (CCAP), BDOF, and BDO Unibank, Inc. These collaborations aim to implement specialized financial education programs tailored to diverse groups.
For example, the agreement with the DSWD will focus on transforming over 37,000 employees and 3,600 local social welfare officers into financial literacy advocates. The partnership with the DA will consolidate financial education initiatives for farmers and fisherfolk, incorporating interactive tools like the Fish N’ Learn game and KITA Mo Na! program. Meanwhile, the collaboration with CCAP will develop an e-learning course on credit card management, expanding the resources available through BELA.
Commitment to National Financial Inclusion Goals
The BSP’s new initiatives are closely aligned with the National Strategy for Financial Inclusion 2022-2028, which aims to foster inclusive growth and enhance financial resilience across the Philippines. By leveraging these innovative educational tools and strategic partnerships, the BSP is taking significant steps toward creating a more financially literate and resilient population. As BSP Deputy Governor Bernadette Romulo-Puyat emphasized, these programs are designed to protect credit cardholders, empower social welfare employees, and support the financial well-being of Filipino farmers and fisherfolk. Through these comprehensive efforts, the BSP is advancing its mission to promote financial inclusion and consumer protection throughout the country.
