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BSP working with TESDA, AFP to launch financial education learning programs

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Lady Vicencio, ABS-CBN News

MANILA - Financial education will be integrated into the curriculum of the Technical Education and Skills Development Authority (TESDA) and in the training of members of the Armed Forces of the Philippines, according to the Bangko Sentral ng Pilipinas during the opening of the Financial Education Stakeholders Congress 2023.The programs were crafted by the Bangko Sentral ng Pilipinas and its partner agencies to promote financial literacy among students and civil servants.TESDA Executive Director David Bugallon shared that their e-learning program has an array of topics on managing finances such as budgeting and saving, investments, and debt management. While TESDA has always offered entrepreneurial courses to those enrolled in skills training, Bugallon underscored the importance of imparting financial literacy to Technical Vocational Education and Training (TVET) learners.“Halimbawa for the OFWs, they earn hard money abroad and they send money here. Sa family members, there’s a problem on how to invest. So, when the worker comes home, walang investment,” Bugallon said.“For those working, how to make use of their money, where to invest?” he addedTESDA’s e-learning modules include lessons, videos, and interactive activities on financial literacy. Assessments are also available to gauge the student’s learning.The e-learning program of TESDA is currently under pilot testing for selected students.It is targeted to be launched for public access by January 2024, according to Bugallon.Aside from TVET learners, the Armed Forces of the Philippines will likewise incorporate a financial education program into their personnel training.AFP Chief of Staff General Romeo Brawner Jr. believes that civil servants need to be financially literate for their families’ welfare.”Through this partnership, we’re able to go beyond our mandate of providing top-notch technical combat skills to our personnel and take earnestly the welfare of their dependents. We always find ways to provide our families with stable and secure futures,” Brawner said.<ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/11/30/22/salve-duplito-recognized-for-accomplishments-in-financial-literacy">Salve Duplito recognized by SEC for accomplishments in financial literacy</a></li>	<li><a href="https://news.abs-cbn.com/business/06/01/23/bangko-sentral-tesda-bdo-foundation-to-develop-free-financial-literacy-course">Bangko Sentral, TESDA, BDO Foundation to develop free financial literacy course</a></li></ul>

Financial education will be integrated into the TESDA curriculum and the training of AFP members, according to the Bangko Sentral ng Pilipinas.

BSP working with TESDA, AFP to launch financial education learning programs

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BSP working with TESDA, AFP to launch financial education learning programs

Lady Vicencio,

ABS-CBN News

Published Nov 14, 2023 08:11 PM PHT

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Updated Nov 15, 2023 06:09 PM PHT

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BSP

TESDA

AFP

financial education

financial literacy

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