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    The National Economic and Development Authority: Pambansang Pangasiwaan Sa Kabuhayan at Pagpapaunlad

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    Ericajane Gumilao
    The National Economic and Development Authority (NEDA) is the country's premier social and economic development planning and policy coordinating body responsible for formulating continuing, coordinated, and fully integrated social and economic policies, plans, and programs. NEDA coordinates activities such as policy formulation, project evaluation and monitoring, and undertakes short-term policy reviews to provide critical analyses to decision-makers. The Bangko Sentral ng Pilipinas (BSP) is the central bank of the Philippines. It was established in 1993 under the New Central Bank Act. The BSP aims to promote and maintain price stability, a strong financial system, and a safe payments system to support sustainable and inclusive economic growth. It formulates

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    The National Economic and Development Authority: Pambansang Pangasiwaan Sa Kabuhayan at Pagpapaunlad

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    Ericajane Gumilao
    117 views8 pages
    The National Economic and Development Authority (NEDA) is the country's premier social and economic development planning and policy coordinating body responsible for formulating continuing, coordinated, and fully integrated social and economic policies, plans, and programs. NEDA coordinates activities such as policy formulation, project evaluation and monitoring, and undertakes short-term policy reviews to provide critical analyses to decision-makers. The Bangko Sentral ng Pilipinas (BSP) is the central bank of the Philippines. It was established in 1993 under the New Central Bank Act. The BSP aims to promote and maintain price stability, a strong financial system, and a safe payments system to support sustainable and inclusive economic growth. It formulates

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    The National Economic and Development Authority (NEDA) is the country's premier social and economic development planning and policy coordinating body responsible for formulating continuing, coordinated, and fully integrated social and economic policies, plans, and programs. NEDA coordinates activities such as policy formulation, project evaluation and monitoring, and undertakes short-term policy reviews to provide critical analyses to decision-makers. The Bangko Sentral ng Pilipinas (BSP) is the central bank of the Philippines. It was established in 1993 under the New Central Bank Act. The BSP aims to promote and maintain price stability, a strong financial system, and a safe payments system to support sustainable and inclusive economic growth. It formulates

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    117 views8 pages

    The National Economic and Development Authority: Pambansang Pangasiwaan Sa Kabuhayan at Pagpapaunlad

    Uploaded by

    Ericajane Gumilao
    The National Economic and Development Authority (NEDA) is the country's premier social and economic development planning and policy coordinating body responsible for formulating continuing, coordinated, and fully integrated social and economic policies, plans, and programs. NEDA coordinates activities such as policy formulation, project evaluation and monitoring, and undertakes short-term policy reviews to provide critical analyses to decision-makers. The Bangko Sentral ng Pilipinas (BSP) is the central bank of the Philippines. It was established in 1993 under the New Central Bank Act. The BSP aims to promote and maintain price stability, a strong financial system, and a safe payments system to support sustainable and inclusive economic growth. It formulates

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    © All Rights Reserved
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    Download as pptx, pdf, or txt
    of 8

    The National Economic and

    Development Authority
    abbreviated as NEDA

    Filipino
    Pambansang Pangasiwaan sa
    Kabuhayan at Pagpapaunlad
    NEDA
    The NEDA is the country’s premier social and
    economic development planning and policy
    coordinating body primarily responsible for
    formulating continuing, coordinated and fully
    integrated social and economic policies, plans
    and programs
    • Coordination of activities such as the formulation of policies,
    plans, and programs to efficiently set the broad parameters
    for national and sub-national (area-wide, regional, and local
    development);
    • Review, evaluation, and monitoring of infrastructure projects
    identified under the Comprehensive and Integrated
    Infrastructure Program consistent with the government’s
    thrust of increasing investment spending for the growing
    demand on quality infrastructure facilities; and
    • Undertaking of short-term policy reviews to provide critical
    analyses of development issues and policy alternatives to
    decision-makers.
    bangko sentral ng
    pilipinas
    abbreviated as BSP

    • It was established on 3 July 1993


    • Republic Act 7653 or the New Central Bank Act
    of 1993
    Vision
    The BSP aims to be recognized globally as the monetary authority
    and primary financial system supervisor that supports a strong
    economy and promotes a high quality of life for all Filipinos.

    Mission
    To promote and maintain price stability, a strong financial system,
    and a safe and efficient payments and settlements system conducive
    to a sustainable and inclusive growth of the economy.
    •Liquidity Management
    The BSP formulates and implements monetary policy aimed at influencing
    money supply consistent with its primary objective to maintain price stability.

    •Currency issue
    The BSP has the exclusive power to issue the national currency. All notes and
    coins issued by the BSP are fully guaranteed by the Government and are
    considered legal tender for all private and public debts.

    •Lender of last resort


    The BSP extends discounts, loans and advances to banking institutions for
    liquidity purposes.

    •Financial Supervision
    The BSP supervises banks and exercises regulatory powers over non-bank
    institutions performing quasi-banking functions.
    •Management of foreign currency reserves
    The BSP seeks to maintain sufficient international reserves to meet any
    foreseeable net demands for foreign currencies in order to preserve the
    international stability and convertibility of the Philippine peso.

    •Determination of exchange rate policy


    The BSP determines the exchange rate policy of the Philippines. Currently, the
    BSP adheres to a market-oriented foreign exchange rate policy such that the
    role of Bangko Sentral is principally to ensure orderly conditions in the market.

    •Other activities
    The BSP functions as the banker, financial advisor and official depository of
    the Government, its political subdivisions and instrumentalities and
    government-owned and -controlled corporati7ons.

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