Economics

Marcos Names Central Bank’s Diokno as Philippine Finance Chief

Monetary board member Medalla to succeed Diokno in BSP
Marcos to inherit one of region’s fastest growing economies

WATCH: Philippine central bank Governor Benjamin Diokno discussed monetary policy and the outlook for the economy on May 25.Source: Bloomberg

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By Ditas B Lopez, Siegfrid Alegado, and Andreo Calonzo

May 26, 2022 at 12:33 AM UTC

Updated on

May 26, 2022 at 3:10 AM UTC

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Philippines central bank Governor Benjamin Diokno was Thursday named the nation’s finance secretary by President-elect Ferdinand “Bongbong” Marcos Jr.

Diokno, whose term at Bangko Sentral ng Pilipinas is set to end mid-next year, will succeed Carlos Dominguez in the top finance post, Marcos said in a televised briefing on Thursday, confirming an earlier Bloomberg report of the central banker’s move.