To boost financial literacy among Filipinos, the Department of Education has partnered with the Bangko Sentral ng Pilipinas (BSP) and the BDO Foundation (BDOF) to disseminate learning materials on managing finances to public schools nationwide. Under the partnership, audiovisual tools will be distributed to around 700,000 public school teachers and non-teaching personnel in the coming months. These learning materials will be used for training teachers and other personnel, as well as for classroom instruction. Financial literacy has already been integrated in several subjects under the basic education system, with financial and entrepreneurial concepts included in the curricula of both elementary and secondary students in the Technology and Livelihood Education and “Edukasyong Pangkabuhayan at Pantahanan” subjects. A study done by the World Bank in 2015 revealed poor financial literacy among Filipino adults, who were able to answer less than half of the seven financial literacy-related questions correctly.

Source: Philippine Daily Inquirer May 31, 2018 13:41 UTC