BSP kicks off Fin-Ed Congress

THE Bangko Sentral ng Pilipinas (BSP) kicked off on Tuesday the 2023 Financial Education Stakeholders (Fin-Ed) Congress with the introduction of e-learning modules to be launched in January 2024.

“This financing module is now introduced to inform the public but we are still in the process of beta testing,” Technical Education and Skills Development Authority (Tesda) Director David Bungallon said.

He said they have tested the technical review of the program but are still working on running it with some selected learners.

“Hopefully and accordingly, this will be launched with the permission of Bangko Sentral ng Pilipinas. This will be launched by January 2024,” the Tesda director said.

During the event, the central bank and BDO Foundation handed over new fin-ed training manuals as supplemental tools for the Armed Forces of the Philippines’ uniformed and civilian personnel’s capacity-building program.

Get the latest news

delivered to your inbox

Sign up for The Manila Times newsletters

By signing up with an email address, I acknowledge that I have read and agree to the Terms of Service and Privacy Policy.

Last May, the BSP signed a memorandum of agreement (MoA) formalizing its partnership with BDO Foundation to develop a free online course on fin-ed.

The MoA seeks to create a nine-module interactive online course on personal finance called “Fin-Ed e-Learning Course.”

The online course aims to boost the implementation of fin-ed programs nationwide. It is free and can be accessed anytime and anywhere.

The course will cover various topics such as financial planning, saving and budgeting, debt and investment management, digital financial literacy, fraud and scam prevention, personal equity and retirement accounts, and financial consumer protection.

According to the BSP, the online learning sessions will tackle personal cash flow management, wealth planning and preservation, and preservation of the integrity of the Philippine banknotes and coins for daily transactions.