BSP HIGHLIGHTS VALUE OF STATISTICS IN NATION-BUILDING

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The Bangko Sentral ng Pilipinas (BSP) underscored the importance of relevant and quality statistics in crafting sound economic and financial policies as it joined the nation in celebrating the 33^rd National Statistics Month (NSM).

During the NSM’s closing rites, BSP Governor Felipe M. Medalla emphasized that high-quality and timely data enabled the country to effectively manage and navigate the challenges brought about by the pandemic.

The Governor said that “the BSP, together with the Philippine statistical community, will continue to support all statistical initiatives and activities that would aid in nation-building and improve the lives of Filipinos.”

Under this year’s NSM theme, “Boosting the Country’s Recovery with Informed Decisions, Better Policies,” the BSP conducted a virtual Public Information Campaign (PIC) to promote wider awareness and appreciation of economic and financial statistics.

Resource persons from the BSP’s Department of Economic Statistics discussed data produced by the central bank, such as Monetary Statistics Compilation and Dissemination, Expectations and Economic Trends, Trade in Goods, and Network Science Perspective on the Philippine Global Foreign Direct Investment System.

Participants from the government and the private sector, the academe, and officers and staff of the BSP attended the PIC. The event served as the culminating activity of the month-long NSM celebration and was broadcasted via the BSP Facebook Page.

The NSM is observed every October, pursuant to Presidential Proclamation No. 647 dated 20 September 1990. ###

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