BSP leads crafting of national fin-ed strategy

The Bangko Sentral ng Pilipinas (BSP) is leading the development of the National Strategy for Financial Education (NSFE), which aims to strengthen the financial health of Filipinos.

The NSFE envisions a society where individuals and families have the knowledge, confidence, and resilience to make sound financial decisions through accessible and effective financial education programs.

Targeted for release this year, the NSFE is being refined through consultations with stakeholders. In line with this, the BSP convened government agencies, private sector partners, civil society organizations, and development institutions on 13 May 2026 at the BSP head office in Manila.

BSP Deputy Governor Bernadette Romulo-Puyat said, “No amount of research can replace the insights of those doing the work on the ground. That is why consultations matter. A national strategy only becomes meaningful when government, industry, civil society, and development partners work together to make it succeed. That is when it becomes more than a document.”

During the consultation, the BSP and its partners presented key findings on the country’s financial education landscape and introduced the draft NSFE framework.

Stakeholders also took part in workshops to share insights and identify initiatives to refine the NSFE and guide priority actions. These discussions build on earlier consultations and research on existing financial education initiatives, gaps, and priority areas. Input gathered from stakeholders will be consolidated and analyzed to further improve the NSFE.
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The NSFE receives technical assistance from the World Bank and input from the Foreign, Commonwealth & Development Office. It will form part of the broader National Strategy for Financial Inclusion 2022–2028 and will be endorsed to the Financial Inclusion Steering Committee (FISC) for further approval. FISC is composed of various government agencies.