The Bangko Sentral ng Pilipinas is leading the development of a new National Strategy for Financial Education (NSFE) aimed at improving the financial health of Filipinos by helping them make better money decisions.
The strategy, expected to be released later this year, seeks to ensure that individuals and families have access to practical and effective financial education programs that build knowledge, confidence, and financial resilience. To refine the plan, the BSP gathered government agencies, private sector groups, civil society organizations, and development partners for consultations held on May 13, 2026, at its Manila headquarters.
BSP deputy governor Bernadette Romulo-Puyat emphasized the importance of collaboration, saying a national strategy becomes meaningful only when government, businesses, and communities work together to make it effective in real life.
During the consultations, participants reviewed findings on the country’s current financial education efforts, discussed gaps and priority areas, and provided recommendations to improve the draft framework. The feedback collected will help shape the final version of the strategy.
The NSFE is supported by the World Bank and the Foreign, Commonwealth & Development Office. It will also become part of the Philippines’ broader National Strategy for Financial Inclusion 2022–2028.
The initiative is significant because many Filipinos still face challenges in budgeting, saving, borrowing, and managing financial risks. By creating a coordinated national financial education strategy, the BSP hopes to improve financial literacy, encourage responsible financial behavior, and strengthen long-term economic stability for households across the country.
