OPINION | A 70s Cabinet [Static By Marvin Tort] READ:
PRESIDENT Ferdinand E. Marcos, Sr. and First Lady Imelda R. Marcos with his cabinet members. — PHOTO FROM I SHOT THE PRESIDENT BY HONESTO VITUG / PRESIDENTIAL MUSEUM AND LIBRARY PH
“There is no better crew to oversee the drafting of [the] guide out of the economic doldrums inflicted by the pandemic than this A-team,” he added, referring to Benjamin Diokno , Arsenio Balisacan , Alfredo Pascual , Mina Pangandaman and Felipe Medalla . Add to this list Bienvenido Laguesma . But then, having been born in 1940, Quasi would have been 82 by now. And this brings me to my concern regarding the present economic team: it is a 70s Cabinet — incoming senior ofcials aged 70 and above. While I personally consider technical experts in their 70s just as competent and capable as those younger than them, stressful government work can take its physical toll on a person.
Prior to becoming Bangko Sentral governor, he was Budget Secretary during the Duterte and Estrada administrations, and Budget undersecretary during the Aquino I Administration. He started in government in 1986, more than 36 years ago. He is also a Professor Emeritus of the School of Economics of the University of the Philippines-Diliman. Mr. Diokno has been around long enough that his experience and institutional memory are not something to disregard.
Just a couple of years younger than Messrs. Diokno and Pascual is Felipe M. Medalla, who was born in 1950 and is now 72 years old. He was Socioeconomic Planning Secretary under President Estrada, and currently an incumbent member of the Monetary Board of the Bangko Sentral ng Pilipinas. He will assume the BSP governorship from Mr. Diokno, his contemporary at the University of the Philippines School of Economics, where Mr. Medalla used to be Dean.
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