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President-Elect Marcos To Nominate BSP Gov Diokno For Finance Dept Chief

PHILIPPINES
EM BulletPolitical RiskPolitical Risk BulletBulletEmerging Markets

Philippines President-elect Ferdinand "Bongbong" Marcos Jr. will tap Bangko Sentral ng Pilipinas Governor Benjamin Diokno as the new Finance Secretary, Bloomberg reports citing a person familiar with the matter.

  • It is understood that Marcos will officially announce the decision and name Diokno's successor as central bank chief later today.
  • Diokno's term in office expires in the middle of next year. He had previously served as the Budget Minister, before moving to the central bank in 2019.
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Philippines President-elect Ferdinand "Bongbong" Marcos Jr. will tap Bangko Sentral ng Pilipinas Governor Benjamin Diokno as the new Finance Secretary, Bloomberg reports citing a person familiar with the matter.

  • It is understood that Marcos will officially announce the decision and name Diokno's successor as central bank chief later today.
  • Diokno's term in office expires in the middle of next year. He had previously served as the Budget Minister, before moving to the central bank in 2019.