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Oct 23, 2017 @ 17:38

Approve! PH embassy in Washington throws welcome party for Espenilla


He’s already well-liked by the diplomatic community months into his tenure as central bank chief.

Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla, Jr. flew to the United States this October to attend his first-ever joint meeting of the International Monetary Fund and the World Bank as central bank chief.

Before the formal sessions started, members of the Philippine Embassy in Washington decided to throw a small testimonial dinner for the central banker, as they expressed their well wishes and votes of confidence for Espenilla’s six-year term.

“The Central Bank has always been the bulwark of continuity and stability. We are happy at the appointment of a well-respected career central banker as the fourth BSP governor,” Minister Jose Victor Chan-Gonzaga, Head of the Embassy’s Economic Section, said during the welcoming reception.

Espenilla has been with the BSP for 36 years and was serving as deputy governor before President Rodrigo Duterte named him as the next central bank chief.

“We are confident that with him guiding Philippine monetary policy, there will be continued business and investor confidence in the country. And so, as he attends his first World Bank/IMF annual meeting, it is our honor to host this reception for Governor Espenilla,” added Minister Patrick A. Chuasoto, Chargé d’Affaires, a.i. of the Philippine Embassy.

Part of Espenilla’s delegation to the joint meetings are Monetary Board Member Antonio S. Abacan, IMF Alternate Executive Director Edna C. Villa, BSP Assistant Governor Wilhelmina C. Manalac and BSP Managing Director Jane T. Chiong, among other officials of the BSP and of the embassy.

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