. 3 meanwhile, our economic and financial learning programs reach out to the general public, including our ofws and the youth, to encourage them to save, invest and become financially secure. and by the way, similar programs on personal finance are being offered to bspers. given the stakes involved, your management continues to make investments in our people, infrastructure, processes and technology. as approved by the monetary board, support is given to bspers for further studies here and overseas as well as international professional accreditation to develop required competencies and increase our corps of world - class experts. the program to improve the work environment of bspers across the country continues to show visible results. i also hear of many success stories concerning our health and wellness programs. and we are proud that we continue to align our internal process with global best practices. for instance, we now have 25 bsp units whose management systems are certified under iso standards. fellow central bankers, we have been able to achieve all these as a result of the collective work of each and every employee of the bangko sentral, past and present. for this, let us thank the two governors who came before me. individually, they were recognized as among the world ’ s best governors. together, they strengthened the foundation that has allowed us to develop the bangko sentral ng pilipinas into what it is today. fellow bspers, let us salute and honor governor gabriel singson and governor rafael buenaventura. for four years in a row ( 2009 – 2012 ), the economist intelligence unit ’ s global survey has ranked the philippines as number one in the world in terms of policy and regulatory framework for microfinance. the philippines is also consistently ranked at the top ten for having a good microfinance business environment. the survey also noted the initiative of the microfinance industry to establish microfinance data sharing system ( midas ), which is a microfinance credit bureau that identifies delinquent borrowers with the ultimate objective of client rehabilitation. bis central bankers ’ speeches let us also thank the members of our monetary board for their wisdom, patience and admirable sense of fairness : finance secretary cesar purisima ; alfredo antonio ; ignacio bunye ; peter favila ; felipe medalla ; and armando suratos. let us also recognize our inspiring and brilliant deputy governors : nestor espenilla from the supervision and examination sector ; diwa guinigundo from the monetary stability sector ; and vicente aquino and his

are bound to weigh heavily on the resources of the bangko sentral. we need therefore to find more efficient ways to use our resources in the pursuit of our mandate. more fundamentally, some of the provisions of our charter could be revisited to make it more relevant and responsive to present conditions. the bsp will continue to work with congress in this regard. bis central bankers ’ speeches looking ahead fellow bspers. our journey has not been without its challenges, but together we have managed to transform the bsp closer into a truly world - class central bank. the signs say we are on the right path : just this april, the bsp was hailed at the asian banker leadership achievement awards as the best macroeconomic regulator in the asia pacific region. of course, our pursuit of excellence is not motivated by public recognition or awards. we pursue excellence because it is that level of public service that will help improve the lives of filipinos, our ultimate stakeholders. tama ba?! i am glad you agree. and now, for my final question. bsper ka ba? ako rin. i am a proud bsper. to me, bsper stands for bangkero sa pilipinas na excellent and resilient! ladies and gentlemen. you all make me proud to be a bsper. on behalf of my wife elma, and the rest of our family i thank all of you for making my journey as a bsper truly worthwhile and deeply fulfilling. mabuhay ang bangko sentral ng pilipinas! mabuhay ang ating mahal na bansang pilipinas! maraming salamat sa inyong lahat! bis central bankers ’ speeches