Budget Secretary Benjamin Diokno has been appointed new BSP governor. PHOTO BY EARVIN PERIAS
MANILA, Philippines–The Bangko Sentral ng Pilipinas (BSP) yesterday expressed its full support for the appointment by President Rodrigo Duterte of Secretary Benjamin Diokno as the next central bank governor — a role that also makes him the country’s top financial regulator and chief inflation fighter.
In a press statement, BSP Officer-in-Charge Cyd Tuano-Amador said that, as the fifth governor since the BSP was reorganized in 1993, Diokno brings with him “a special brand of leadership honed from decades of exposure to different facets of government operations to improve the lives of Filipinos, in cooperation with the private sector, the academe, and various organizations.”
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“The BSP community looks forward to his assumption into office, and to working closely with him to ensure the smooth functioning of the central bank to effectively discharge its mandate to promote price and financial stability, to ensure a safe, reliable and efficient payments system as well as to help sustain economic growth that is inclusive and participatory,” Tuaño-Amador said.
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Diokno is scheduled to take his oath of office on Wednesday evening before Mr. Duterte and will attend his first Monetary Board meeting as its chair on Thursday, after getting briefed by his deputy governors.
Diokno’s appointment was also welcomed by the Bankers Association of the Philippines, which is the umbrella organization representing the country’s largest financial institutions.
