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BDO Foundation, DepEd and BSP promote financial inclusion

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Department of Education (DepEd) secretary Leonor Magtolis Briones and Bangko Sentral ng Pilipinas (BSP) governor Nestor Espenilla Jr. sign a MOA for the nationwide implementation of the Financial Literacy Program for Schools

In keeping with a shared goal to promote financial inclusion, BDO Foundation joined forces with the Department of Education (DepEd) and BangkoSentralngPilipinas (BSP) to develop a financial literacy program for teachers, non-teaching personnel and students.

The initiative, called the Financial Literacy Program for Schools, was launched recently in an event attended by DepEdsecretary Leonor MagtolisBriones, BSP governor Nestor Espenilla Jr., BSP deputy governor ChuchiFonacier, DepEdundersecretary TonisitoUmali and DepEd undersecretary Victoria Catibog.

Also in attendance were BDO Foundation trustee Nestor Tan, BDO Foundation treasurer Lucy Co Dy, BDO Foundation corporate secretary Lazaro Jerome Guevarra, BDO Foundation trustee Ma. Corazon Mallillin and BDO Foundation president Mario Deriquito.

Launched in time for the start of a new school year, the Financial Literacy Program for Schools is BDO Foundation’s flagship corporate citizenship initiative in fulfillment of its financial inclusion advocacy.

The program is aimed at supporting DepEd’s efforts to strengthen financial literacy in its K-12 curriculum and provide financial literacy education for its teaching and non-teaching personnel.

It also contributes to the pillar on Financial Education and Consumer Protection of BSP’s National Strategy for Financial Inclusion.

The educational initiative is expected to benefit as many as 700,000 teachers and 24 million students in more than 47,000 public schools nationwide.

At the launch of the financial literacy program were (from left) BDO Foundation trustee Ma. Corazon Mallillin, BDO Foundation treasurer Lucy Co Dy, BDO Foundation trustee Nestor Tan, BSP deputy governor Chuchi Fonacier, DepEd undersecretary Victoria Catibog, BSP governor Nestor Espenilla Jr., BDO Foundation president Mario Deriquito and BDO Foundation corporate secretary Lazaro Jerome Guevarra

The launch of the Financial Literacy Program for Schools was highlighted by the signing of a memorandum of agreement affirming the commitment of BDO Foundation, DepEd and BSP to the nationwide implementation of the program.

DepEd will use the videos in classroom instruction, the Teacher Induction Program, learning action cells and regular training and development programs for teaching and non-teaching personnel.

The videos and discussion guides will be uploaded on DepEd’s learning portal, where teachers can access and download them easily.

The first batch of five videos—two for teachers and three for students—was presented at the launch of the Financial Literacy Program for Schools.

BDO Foundation will produce more videos on such topics as investing, the responsible use of credit, personal budgeting and financial management.

The financial literacy program is one of several BDO Foundation initiatives aligned with the goals of DepEd.

The Foundation supports DepEd’s Adopt A School program by constructing school buildings in calamity-stricken provinces nationwide as well as the annual BrigadaEskwela program. It also participates in the nationwide celebration of National Teachers’ Month and World Teachers Day.

 

 

 

 

 

 

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