BSP Re-launches the Economic and Financial Learning Center

The Bangko Sentral ng Pilipinas‘ Economic and Financial Learning Center (EFLC) in its Tuguegarao Branch Office will be re-launched on 12 April 2011 at 3:00 p.m. The program will include the unveiling of the EFLC-Tuguegarao signage, followed by the blessing of the EFLC premises. During the same event, the first leg for the year 2011 of the BSP Economic and Financial Learning Program (BSP-EFLP) will be formally opened in Tuguegarao City.  Senior officials from BSP Manila and Tuguegarao will host the event which will be attended by representatives of the Tuguegarao City banking, business and academic communities, officials from other government agencies as well as members of the media.

Already in operation since 2009, the EFLC-Tuguegarao has expanded its scope and services by upgrading its facilities and linking it with the EFLC network to ensure that all electronic resources in the EFLC in Manila are also available to visitors in Tuguegarao City. Thus,  economic and financial learning will be delivered to the people of Tuguegarao City not only through more conventional media like books and periodicals, but also through technology-based interactive learning modules, informative video clips and even educational computer games. Researchers will also have a free hand to browse the digitized library collection, as well as the economic statistical database to gain information on economic issues that are of interest to them. The re-launching of EFLC-Tuguegarao is in line with the BSP’s master plan to set up EFLCs in the BSP’s main office in Manila and in its 21 regional offices and branches nationwide.

Meanwhile, the BSP-EFLP consolidates the outreach educational activities of the BSP under one flagship program. It consists of a series of learning sessions and activities conducted in a targeted city which aim to promote greater awareness and understanding of essential economic and financial issues
to help the public acquire the knowledge and develop skills needed to make well-informed economic and financial decisions and choices. The BSP-EFLP also embodies the BSP’s thrust to promote inclusive and proactive economic and financial education among its stakeholders, based on the underlying philosophy that a citizenry that is well-informed in economics and finance is a more effective partner of the BSP in maintaining the effectiveness of monetary policy as well as in ensuring a stronger and safer banking and payments system. At the same time, a knowledgeable citizenry is able to contribute more meaningfully to economic development and benefit better from the opportunities that it brings.

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