AN estimated 140,000 soldiers and civilian personnel of the Armed Forces of the Philippines (AFP) will receive financial literacy training under a partnership forged by BDO Foundation, the AFP and Bangko Sentral ng Pilipinas (BSP). As part of a shared vision to promote financial inclusion and concerted efforts to help the men and women of the military achieve financial independence, the three parties inked an agreement for the development of a financial education program for the armed forces.
The memorandum of agreement (MoA) was signed by BDO Foundation President Mario Deriquito, BDO Foundation Trustee and Treasurer Lucy Co Dy, BDO Foundation Trustee and Corporate Secretary Lazaro Jerome Guevarra, AFP Inspector General Lt. Gen. Antonio Ramon Lim representing AFP chief of staff Gen. Benjamin Madrigal Jr., AFP deputy Chief of Staff for Personnel BGen. Adriano Perez Jr., BSP Governor Benjamin Diokno and BSP deputy governor Chuchi Fonacier. In attendance at the MoA signing held in Camp Aguinaldo were BDO Foundation trustee Ma. Corazon Mallillin, BDO Foundation Independent Trustee Felina Arellano, and BDO Foundation Trustee and BDO Unibank President and CEO Nestor Tan, one of the guest speakers at the event.
The corporate citizenship initiative is in line with BDO Foundation’s financial inclusion advocacy and BSP’s National Strategy for Financial Inclusion. It is also aligned with the AFP Transformation Roadmap (ATR) and efforts to build a better and stronger AFP, a world-class organization that is a source of national pride.
According to Deriquito, “BDO Foundation is honored to be able to contribute to the achievement of the ATR and help soldiers get high marks in their individual scorecards particularly on the aspect of personal finance. Together with subject matter experts from the AFP and BSP’s Center for Learning and Inclusion Advocacy, we will equip military personnel with knowledge, skills and tools to help them make sound financial decisions.”