Philippines president-elect plans to move governor to finance ministry

Benjamin Diokno

Photo: Axelchard13/Wikimedia

- Central Banking Newsdesk
- 26 May 2022

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The Philippines’ president-elect Ferdinand Marcos said he will name central bank governor Benjamin Diokno as his finance minister, replacing him with Felipe Medalla.

Marcos won a landslide victory in elections earlier this month. Congress ratified his election on May 25, and he takes office on June 30.

The Central Bank of the Philippines (BSP) announced on May 26 that its governor, Benjamin Diokno, would leave the institution to become the finance secretary. The central bank said that Medalla

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