MEDALLA IS THE NEW BSP GOVERNOR

Former Monetary Board (MB) Member Felipe M. Medalla is now the Governor of the Bangko Sentral ng Pilipinas (BSP) and Chairman of the Monetary Board effective July 1, 2022.

Medalla will serve the remaining term of former Governor Benjamin E. Diokno who was appointed Secretary of Finance.

Medalla is a Ph.D. holder in economics and an educator for more than four decades. Prior to joining the MB, he was a professor and served as dean of the University of the Philippines School of Economics. He also served as Vice President for Planning and Finance of the UP System.

Medalla was also Socio-Economic Planning Secretary and Director-General of the National Economic and Development Authority from 1998-2001, and a member of the Presidential Task Force on Tax and Tariff Reforms formed in 1994.

He was a former president of the Philippine Economic Society and chairman of the Foundation for Economic Freedom, a non-government organization primarily engaged in public advocacy for fiscal reforms and market-friendly government policies.

A seasoned economist, Medalla has written on the effects of economic policies on poverty and problems in the measurement of Philippine economic growth, among others.

Medalla holds Bachelor of Arts and Bachelor of Science in Commerce (Economics-Accounting) degrees from De La Salle University (cum laude), Master of Arts in Economics from UP, and Ph.D. in Economics from Northwestern University in Evanston, Illinois.