MR. AMANDO M. TETANGCO, JR. is the governor of the Bangko Sentral ng Pilipinas (BSP). He was reappointed for a second term commencing July 4, 2011. As BSP governor, he serves as chairman of the Monetary Board, the BSP’s principal monetary policy-making body.
A career central banker, Tetangco has been in the service of the BSP for four decades. He is credited with strengthening the BSP’s ability to promote growth and stability through its policies concerning monetary, banking and the payments system. Among others, the Philippines has achieved the ideal convergence of higher economic growth and low inflation.
During Governor Tetangco’s term, the Philippines has made significant progress in promoting a more inclusive financial system. In particular, financial inclusion, financial education and consumer protection were institutionalized in the BSP agenda. In 2015, the BSP spearheaded the adoption of the National Strategy for Financial Inclusion, a collaborative effort among
the BSP and 12 other government agencies that is envisioned to be the platform to unify the government’s financial inclusion efforts.
As head of the BSP, Governor Tetangco is involved in various local and international organizations. He is the chairman of the Anti-Money Laundering Council (AMLC). He is also the chairman of the Philippine International Convention Center; vice chairman of the Agriculture Credit Policy Council; member of the Capital Markets Development Council (CMDC) and the Export Development Council (EDC); and chairman of the Financial Stability Coordination Council.
Overseas, he represents the country at the Asean Central Bank Forum; the Executive Meeting of East Asia and Pacific (EMEAP) Central Banks; the South East Asia Central Banks (SEACEN); the South East Asia, New Zealand and Australia (SEANZA); and the Center for Latin American Monetary Studies (CEMLA). At the International Monetary Fund, he is the governor for the Philippines while he is the alternate governor at both the World Bank (WB) and the Asian Development Bank (ADB). At the Bank for International Settlements (BIS), he is chairman of the Asian Consultative Council for a term of two years, that started April 2014 and chairman of the Meeting of Small Open Economies. He is also the co-chairman of the Financial Stability Board Regional Consultative Group for Asia for a two-year term that started in July 2013. In September 2014, he completed his two-year term as chairman of the Alliance for Financial Inclusion (AFI).
Governor Tetangco obtained his economics degree from the Ateneo de Manila University cum laude and his Master’s in Public Policy and Administration with concentration in Development Economics at the University of Wisconsin-Madison,USA as a Central Bank scholar.
SHANAKA JAYANATH (Jay) PEIRIS is the International Monetary Fund’s resident representative to the Philippines and covers ASEAN Macro Financial Surveillance for the Asia Pacific Department. Prior to this he was a senior economist in the Asia and Pacific Department Monetary and Capital Markets Department of the IMF covering ASEAN countries and South Asia. He was also a mission chief to Pacific Island countries and led a sub-working group on asset price risks for the G-20 Mutual Assessment Program. During the last 14 years at the IMF, he has also worked on Eastern and Southern Africa.
He joined the Economist Program at the IMF in 2001 after completing his D. Phil (PhD) in Economics at Oxford University as a British Chevening scholar and a Light Senior Scholar at St. Catherines’ College, Oxford. He was also lecturer in Mathematical Economics and Econometrics at Sommerville College and Jesus College, Oxford.
Earlier on, he interned at Deutsche Bank A.G. and the World Bank. He has published academic journal papers on a wide range of topics including inclusive growth, monetary policy and inflation, bond markets, banking and finance, macroeconomic models for emerging markets and co-authored a book on Post- Stabilization Economics in Sub-Saharan Africa.
MARIFE ZAMORA is chairman of Convergys Philippines Services Corporation (NYSE: CVG), a global leader in relationship management. Zamora served as the first country manager of Convergys Philippines, setting up its first contact center in 2003 and leading its growth into the country’s largest private employer with 63,000 employees today. In 2011, she became managing director for Asia Pacific, Europe, Middle East and Africa.
Prior to pioneering Convergys Philippines, Zamora served as managing director for Headstrong Incorporated, a global provider of integrated solutions and digital technologies. Previously, she was with IBM Philippines where she held a number of sales, marketing and management positions during her 18-year tenure with the company. She is presently governor and vice president of the Management Association of the Philippines and vice president of the American Chamber of Commerce. She is also a steering committee member of the Integrity Initiative, a private sector-led effort to promote good governance, transparent business transactions and implement strict integrity standard in the Philippines.
Zamora attended the University of the Philippines and the Wharton School, University of Pennsylvania.
Honors recently conferred on Zamora include the Asia CEO Awards 2011 Global Filipino Executive of the Year and the ‘Go Negosyo’ 50 Inspiring Women of Passion, and the 100 Most Influential Filipino Women in the World Award from the Filipina Women’s Network.
ROGIER van den BRINK is Lead Economist in the Poverty Reduction and Economic Management of the East Asia and Pacific Region of the World Bank since October 2008. He is currently the lead economist for the Philippines. He has been with the World Bank since 1992. Before joining the East Asia Region, he worked in various positions in the Africa Region, including as Senior Country Economist in South Africa and Deputy Resident Representative in Zimbabwe.
He holds a PhD in agricultural economics from the University of Wisconsin-Madison in the USA, and a Masters degree in sociology from Wageningen University in the Netherlands. Before joining the World Bank, he was a research associate at Cornell University and an associate expert with the Ministry of Foreign Affairs of the Netherlands in Burkina Faso.
His academic publications include Economic Policy and Household Welfare During Crisis and Adjustment in Tanzania(New York University Press, 1993); and The Economics of Cain and Abel (about the eternal conflict between herders and farmers) in The Journal of Development Studies, Vol. 31, No. 3, February 1995, which was awarded the Dudley Seers Memorial Prize for the best written article in the Journal of Development Studies in 1995.
He has also written on land reform. His publications include: Agricultural Land Redistribution: Toward Greater Consensus. (International Bank for Reconstruction and Development: Washington DC, 2009); In Search of Land and Housing in the New South Africa: the Case of Ethembalethu. (World Bank, Washington DC: 2008), on the basis of which a video case study was made: http://www.youtube.com/watch?v=RZxXsG6mO3g; and Consensus, Confusion and Controversy: Selected Land Reform Issues in Sub-Saharan Africa (World Bank, Washington D.C., 2005)