Benjamin Diokno appointed as member of Monetary Board

Transcript

00:00 Outgoing Department of Finance or DOF Chief Benjamin Diokno is set to turn over the reins

00:05 of the Finance Department to incoming DOF Chief Ralph Rector.

00:11 He will do so with the agency on solid footing and since taking over on July 1st, 2022, worked

00:17 to achieve the Marcos Jr. administration's goals of reducing the debt-to-GDP ratio to

00:23 3 percent.

00:25 The government also eyes to achieve middle-income status by 2025 and bring down poverty incidents

00:31 to single digits before the end of President Ferdinand R. Marcos Jr.'s term.

00:37 Meanwhile, Diokno has been appointed as a member of the Banko Sentral ng Pilipinas or

00:42 BSP Monetary Board, replacing Peter Favilla, whose term ended on July 2nd last year.

00:48 [MUSIC PLAYING]