Daily News

Diokno is the new central bank governor

President Rodrigo Duterte appointed Department of Budget and Management (DBM) Secretary Benjamin Diokno as the new governor of the Bangko Sentral ng Pilipinas (BSP) or central bank. Sec. Diokno will replace Nestor Espenilla Jr., who recently passed away. Presidential spokesperson Salvador Panelo confirmed Sec. Diokno’s appointment. “We thank Secretary Diokno for his services to the nation and to this Administration as Secretary of Budget and Management, a position he similarly held under the Estrada Presidency,” Mr. Panelo said. He said the Palace would expect the incoming Governor to spearhead reform initiatives that will align the financial institution’s operations with international best practices and improve its corporate viability, among others, in line with Republic Act No. 11211, which was signed into law by President Duterte last February 14.