CSC Working With BDO, BSP for Govt Finlit Programs

The Civil Service Commission (CSC) is collaborating with the BDO Foundation Inc. and the Bangko Sentral ng Pilipinas (BSP) to deliver financial education programs for government workers as per the CSC Chairman.

CSC Chairman Karlo Alexei B. Nograles has mentioned that the agency is putting down the foundations for the program.

The “Financial Education Program for Civil Servants”  is targeted towards providing civil servants with the proper values, skills, and knowledge on concepts like consumer protection, financial scam prevention, investments, debt management, budgeting, saving, and financial planning.

“This will help us achieve our goal of enhancing the well-being of our government workforce through financial literacy, capacitating them with skills and knowledge that allow them to make informed and better decisions on their financial resources,” mentioned Chairman Nograles.

He also stressed that “financial education is all the more important as our people continue to cope with the impacts of the Covid-19 pandemic and prepare for future financial challenges.”

Chairman Nograles hope that with the financial literacy program, government workers would “make better choices about saving, know when and when not to borrow money, learn how to invest and better prepare for retirement and also to discern how to protect themselves in this time of digital financial transactions or online banking.”

The CSC also mentioned that they have already created training modules to be used and gathered an established team of trainers. Aside from this, a pilot test of the program was already done.

Source: Business Mirror