Free online info network in i-Hub to boost financial literacy: PGIN

LAOAG CITY – Bangko Sentral ng Pilipinas (BSP) and the provincial government of Ilocos Norte have signed a memorandum of understanding (MOU) for the installation of a Knowledge Resource Network (KNR) that can be accessed by students, academicians and the public for their researches on banking and finance.

Also known as the i-Hub, the KNR can be accessed for information materials ranging from printed books, BSP annual reports, guides and brochures in banking to online research assistance through free access to the BSP website, Dr. Buenafe F. Alinio, deputy director of BSP-Batac City, and one of the signatories of the MOU.

The other signatory was Senior Provincial Board Member Matthew Joseph Marcos Manotoc who represented the provincial government of Ilocos Norte.

Alinio revealed that the KNR originated in their Batac branch and triggered the formalization of BSP resource networks corner nationwide.

This is a part of the Bangko Sentral ng Pilipinas’ project of bringing our resources closer to its stakeholders,” Alinio said.

Stressing that i-Hub is among the first in the country, Alinio said that while the BSP-Batac Branch has an economic learning center which has several books and reading materials, it is seldom visited by students, especially students from Laoag City because they wouldn’t travel to Batac to just come and browse its database.

Student, academicians, and the public who need information about the BSP are now open to visit the corner here in the Provincial Library,” Alinio said.

Manotoc said that the MOU is “one step forward for the province’s financial literacy,” as resources available at the KNR is now more accessible to the youth along with researchers and economic or finance professionals.

Manotoc added that the PGIN is eyeing a partnership with the Department of Education for students to make use of the documents provided by the BSP.

Matilde M. Nery. Officer in Charge Provincial Librarian, also gave her asssurance that the i-Hub is now more accessible to the public.

Ilocos Norte is receiving high remittances from abroad with 60% of Overseas Filipino Workers (OFWs) coming from Ilocos Norte. However, their big earnings are not maximized through personal equity accounts, investments, and time deposits. (Tawid News/ With report from Ma. Christian A. Ramos, PGIN-CMO)