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21/04/2017: EMBASSY HONORS CENTRAL BANK GOVERNOR TETANGCO

PRESS RELEASE
WDC-22-2017
21 April 2017

Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco, Jr. was honored at a reception organized by the Philippine Embassy after his public lecture held at the Chancery on 18 April 2017.

WASHINGTON, D.C.— Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco, Jr. was honored at a reception organized by the Philippine Embassy in Washington, D.C. on 18 April 2017.

Attending his last World Bank/IMF Spring Meeting before ending his second six-year term in July, Governor Tetangco had earlier delivered a public lecture at the Embassy on his observations about current economic developments, and his thoughts about the future of the global economy. The lecture also detailed the gains of the Philippine economy during his tenure and his expectations with regard to its trajectory given the trends and developments in the world today.

“Much of what we have achieved in economic development is in no small measure because of the vision and leadership of Governor Tetangco at the Central Bank of the Philippines for the last twelve years. His steady hand at the helm of Philippine monetary policy inspired business and investor confidence. And so, as he attends his last World Bank/IMF spring meeting, it is our honor to host this reception for Governor Tetangco,” stated Minister Patrick A. Chuasoto, Charge d’Affaires, a.i. of the Philippine Embassy, in his welcome remarks.

Reflecting on the long and distinguished career of Governor Tetangco as a central banker, Ambassador John Maisto, President of the US-Philippines Society said, “Governor, you leave a rich legacy as you move on. You leave millions of Filipinos far better off, including those participating in solid middle class jobs linked to the global economy. You leave the country highly respected regionally and internationally for its economic progress, and you have contributed to strengthening ties with the United States by enhancing an investment climate that has paved the way toward a new mutually beneficial inter-dependent economic relationship among old friends."

Alex Feldman, President of the US-ASEAN Business Council, and John Goyer, Senior Director for Southeast Asia at the US Chamber of Commerce, led corporate executives at the reception in expressing the appreciation of the US business community for the Governor’s service.

Phil de Imus, President of the World Bank/IMF Filipino Association, expressed great admiration for the governor’s work on behalf of the Filipinos and Filipino-Americans working at the World Bank and the IMF. In his remarks, he said, “I just want to emphasize that Gov. Tetangco's tenure comes at a time of the greatest upheaval the world has ever seen since the Great Depression. So to be able to manage the economy with that kind of growth, with that stable inflation, incredible financial stability, and increasing the policy space the Philippines has, is a testament to you, your staff, and also the policy makers in the Philippines.”

Among the guests at the reception were Representative Aurelio D. Gonzales, Jr. (Third District, Pampanga), Finance Undersecretary Gil Beltran, Ambassador John Negroponte (Co-Chair, US Philippines Society), journalist Marites D. Vitug, and officials of the Department of Finance and the BSP.

The event was also attended by Embassy staff, US government officials, WB/IMF staffers, US corporate executives, academics, think tank scholars, and members of the Filipino American community. ###

PHOTO RELEASE
WDC-34-2017 
21 April 2017

Philippine Embassy Chargé d’Affaires ad interim, Minister Patrick A. Chuasoto led the reception held in honor of BSP Governor Amando M. Tetangco Jr. at the Philippine Chancery on 18 April 2017.

PHOTO RELEASE
WDC-34-2017 
21 April 2017

US-Philippines Society President, Ambassador John Maisto pays tribute to Governor Tetangco at the reception organized by the Philippine Embassy on 18 April 2017.