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Diokno: BSP to ensure

sustained inclusive grorruUr


President Duterte has ?ppointed Diokno

Hil
will
Budget Secretary Benjamin Diokno assume the un-
as new Bangko Sentral ng pilipinas expired term of
9OVernor. Espenilla who
Diokno, hours after his appoint- was supposed
ment, said the BSP is, first and to serve a six-
foremost, tasked to provide a feftile yearterm, from

ffiil
ground for inclusive groMh, Yhe July 3, 2017 to
role of the BSP is to ensure steady July 3, 2023.
sustained groMh that is inclusive, He will be
.in a regime of price stability," Dio- the BSP'S fifth
kno said. DIOKNO governor and
He \^/ill replace the late Gov under the BSP charter, recently
Nestor A. Espenilla Jr, who passed amended by RepublicAct No. 11211,
away last Feb, 23 from tongue can- the BSP governor will not have to go
cer through trle Commission on Appoint-
Diokno, who will turn 71 this ments to be confirmed.
month, said inclusive groMh and Senators yes€rday welcomed the
the BSP'S role of ensuring that it is appointment of Diokno to the BSp
sustained are "the same objectives sen, Francjs loseph "Chiz" G. Es-
of the Duterte administmtion." cudero commended Duterte for ap-
Diokno said he feels "fine" after pointing Diokno to the post.
confirming that he is indeed the "This will cerbinly ensure the sta-
next BSP governor, besting mar- bilrtt contiftrity, and predictability of
ket, economists, and the banking the muntry3 fiscal policies and gains.
sector's favorites, which are the I wish hlm welll" Escudero said in a
three BSP insiders - Depub/ cov- text message.
ernors Diwa C. Gujnigundo, Ma. Escudero, chairman of the Sen-
Cyd Tuaho-Amador, and Chuchi ate Committee on Banks, Financial
G. Fonacier. Tuano-Amador is the Institutiont and Currencies, rejected
l4onetary Board-designated offi cer- insinuations that Diokno's transfer
in-char9e. to the BSP fiom the Department of
"I'm an economist by training Budget and Management has some-
I
so have the appropriate aca- thing to do with the issues leveled
demic background," said Diokno. against him by Gmarines Sur Rep.
"My various high level assignments Rolando Andaya, former House ma-
have prepared me well for interfac- jority leader and now head of the
ing with heads of international and House Committee on Appropriations.
domestic fi nancial institutions,,, he (L€e C. Chipongian and Han-
added. nah L, Torregoza) pAg.gl