CSC: Government workers’ training now includes financial education

Civil Service Commission (CSC) Commissioner Leopoldo Roberto W. Valderosa Jr., Bangko Sentral ng Pilipinas (BSP) Corporate Services Sector Deputy Governor Dr. Maria Almasara Cyd N. Tuaño-Amador, CSC Chairperson Alicia dela Rosa-Bala, Banco de Oro Foundation (BDOF) Mario Deriquito, and BDOF Trustee Lazaro Jerome Guevarra during the memorandum of agreement signing at the CSC Resource Center, Quezon City on Friday, July 19, 2019. Photo courtesy of the CSC

MANILA, Philippines — The Civil Service Commission (CSC) on Saturday revealed that latest training programs for government workers will now include financial education.

This after the CSC signed a memorandum of agreement with the Bangko Sentral ng Pilipinas (BSP) and Banco De Oro (BDO) Foundation on Friday.

The commission’s partnership with the agencies aims to integrate financial education in government training programs, initially within CSC’s own learning and development programs, and then in other government agencies.

“Financial education is crucial in building the financial skills of our government workers,” CSC Chairperson Alicia dela Rosa-Bala said in a statement.

“As the premier human resource institution of the Philippine government, the CSC is concerned with employee welfare and benefits. It’s good that we now have financial education to complement those human resource concerns,” she added.

The initiative is based on Executive Order No. 208 of 2016, which established the Financial Inclusion Steering Committee (FISC) led by the BSP.

The FISC implements the National Strategy for Financial Inclusion (NSFI) that seeks to provide the people with skills in managing their finances, taking advantage of economic opportunities, and guarding against financial or economic shocks.

The BSP will be testing its modules and tools for key CSC trainors to conduct financial education seminars and workshops for CSC and other government employees nationwide.

Such topics covered include financial planning, saving, budgeting, debt management, investments, financial scam prevention, and consumer protection, among others.

Meanwhile, the BDO Foundation is tasked to share its expertise and resources for the project. /jpv