PBBM APPOINTS DIOKNO AS A MEMBER OF THE MONETARY BOARD

By Liezelle Soriano

MANILA — President Ferdinand “Bongbong” Marcos Jr. has appointed former Finance Secretary Benjamin Diokno as a member of the Monetary Board.

Diokno is replacing Peter Favilla, whose term concluded on July 2, 2023.

Marcos also expressed his gratitude to Diokno for his excellent performance in the agency.

“We cannot conclude this event here this afternoon without extending heartfelt and warm wishes of gratitude to Secretary Ben Diokno for the services he has rendered to the Department of Finance during his tenure as Secretary,” Marcos said.

The Chief Executive recalled asking Diokno, then Governor of the Bangko Sentral ng Pilipinas (BSP), to take over the Department of Finance (DOF) to stimulate the economy and align all policies on the right track amid the COVID-19 pandemic.

“As one of our country’s pillars of economic management, we shall continue to rely on your expertise and enthusiasm as a member of the Monetary Board of the BSP. Maraming, maraming salamat from a grateful nation, Secretary Ben Diokno,” Marcos expressed.

(el Amigo/MNM)