The Bangko Sentral ng Pilipinas (BSP) is spearheading the creation of the National Strategy for Financial Education (NSFE), a comprehensive roadmap designed to enhance the financial well-being and literacy of Filipinos. The NSFE aims to foster a society where individuals and families possess the knowledge, confidence, and resilience to make sound financial decisions through accessible and effective financial education programs. Targeted for release later this year, the strategy is currently undergoing consultations with various stakeholders.
Stakeholder Consultation Held in Manila
As part of the development process, the BSP convened representatives from government agencies, private sector partners, civil society organizations, and development institutions on May 13, 2026, at the BSP head office in Manila. BSP Deputy Governor Bernadette Romulo-Puyat underscored the critical role of collaboration in shaping the national strategy.
“No amount of research can replace the insights of those doing the work on the ground. That is why consultations matter,” Romulo-Puyat stated. “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,” she added.
Key Findings and Draft Framework Presented
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 participated in workshops to share insights and identify initiatives that could refine the strategy and guide priority actions. The discussions were built on earlier consultations and research on existing financial education programs, gaps, and priority areas.
The BSP announced that it will consolidate and analyze the inputs gathered from stakeholders to further improve the NSFE. The strategy receives technical assistance from the World Bank and input from the Foreign, Commonwealth & Development Office.
Integration into Broader Financial Inclusion Strategy
The NSFE will form part of the broader National Strategy for Financial Inclusion 2022–2028 and will later be endorsed by the Financial Inclusion Steering Committee for approval. This initiative underscores the BSP's commitment to strengthening the financial capabilities of Filipinos, ensuring that financial education is a cornerstone of the country's economic development.
