MANILA – The Bangko Sentral ng Pilipinas (BSP) said that it will release this year a National Strategy for Financial Education (NSFE) aimed at improving the financial health and decision-making of Filipinos.

In a statement, the BSP said the NSFE is currently being refined through consultations with various stakeholders.

The strategy envisions a society where individuals and families are equipped with the knowledge, confidence, and resilience to make sound financial decisions through accessible and effective financial education programs.

On Wednesday, the BSP convened government agencies, private sector partners, civil society groups, and development institutions at its head office in Manila to discuss the draft framework.

During the consultation, the BSP and its partners presented key findings on the country’s financial education landscape and introduced the draft NSFE framework. Workshops were also conducted to gather insights and identify initiatives that could refine the strategy and guide priority actions.

The central bank said the discussions build on earlier consultations and research on existing financial education programs, as well as identified gaps and priority areas.

It added that all stakeholder inputs will be consolidated and analyzed to further improve the final strategy.

“No amount of research can replace the insights of those doing the work on the ground. That is why consultations matter. 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,” BSP Deputy Governor Bernadette Romulo-Puyat said.

The NSFE is being developed with technical assistance from the World Bank and input from the Foreign, Commonwealth & Development Office.

It will form part of the broader National Strategy for Financial Inclusion 2022–2028 and will be submitted to the Financial Inclusion Steering Committee for approval.