BSP champions digital transformation for data-driven policies at 35th NSM closing ceremony

The Bangko Sentral ng Pilipinas (BSP) emphasized the importance of  leveraging on data and innovative tools to support evidence-based policies during the 35th National Statistics Month (NSM) closing ceremony held online on 29  October 2024. 

In line with the theme, “Advancing Data and Statistics Through Digital  Transformation: A Road to an Empowered Nation,” the BSP highlighted the need  for a transformative mindset for today’s digitally empowered society. 

“This resonates well with the BSP’s commitment to go ‘digitALL’, as it  upgrades its systems and processes to produce quality data and provide relevant  information that addresses the needs of its stakeholders,” said BSP Deputy  Governor Francisco G. Dakila, Jr. on behalf of BSP Governor Eli M. Remolona, Jr. 

Philippine Statistics Authority (PSA) Undersecretary Claire Dennis S. Mapa  also said, “By making data-driven decisions, we can build a more prosperous and  equitable nation.” 

Experts from various fields of central banking discussed the country’s  international reserves, factors affecting real property prices, trends in digital  payments, and the financial health index of the Philippines. Since 2001,1 the BSP has led the NSM closing ceremony, demonstrating its commitment to promoting the use of accurate, complete, timely, and accessible  statistical information nationwide.

The annual NSM celebration, organized by the Philippine Statistical System  and spearheaded by the PSA, aims to raise awareness and appreciation of the  importance of statistics across various sectors. It also seeks to encourage public  cooperation in improving the quality and standard of statistics in the country.  

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

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