The Monetary Board, the central bank’s policy-making arm, has approved to hire a new deputy governor of the Bangko Sentral ng Pilipinas (BSP) and has announced its call for candidates.
The Monetary Board, the central bank’s policy-making arm, has approved to hire a new deputy governor of the Bangko Sentral ng Pilipinas and has announced its call for candidates.
The Monetary Board should at least review three names submitted to deliberate upon, based on their qualifications and past work or collaboration with the central bank.Sources from the BSP said the preferred new deputy governor should ideally come from the BSP, or an “insider”. The notice of vacancy was posted on the BSP intranet last May 12.
BSP sources said that so far, no names have been submitted to the Monetary Board for the next deputy governor. The decision to appoint a 5th deputy governor is however “unanimous” and Monetary Board members thought it was a “good idea” to have an “extra deputy governor”. The 5th deputy governor will oversee the central bank’s 13 infrastructure projects or its own “Build, Build, Build” undertaking. Three of the 13 projects worth P504.32 million will be completed this year. The new deputy governor will also take charge of human resources, currently under the powers of the Office of the Governor.
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