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July 21, 2024

BSP launches financial education game for fisherfolk

The Bangko Sentral ng Pilipinas (BSP) is targeting to capacitate over 1.9 million fishers nationwide through a financial education simulation game called “Fish N’ Learn.”

BSP Governor Benjamin Diokno has highlighted the important role of our fisherfolk, who serve as food security frontliners in the ongoing COVID-19 pandemic.

“Fish N’ Learn is meant to give our fisherfolk the primacy that they deserve by focusing on improving their financial health and overall quality of life, which helps to foster a financially healthy citizenry. Strong public-private partnerships are instrumental to achieve sustainable and scalable programs such as this one,” Diokno said.

The game was developed under the BSP’s Financial Education (FinEd) Program for Fisherfolk, in partnership with the Department of Agriculture – Bureau of Fisheries and Aquatic Resources (DA-BFAR), United States Agency for International Development (USAID) – Fish Right Program, and BDO Foundation.

Fish N’ Learn simulates real-life events that influence the financial behavior of fishermen and their families. It aims to empower the agri-fisheries sector by reinforcing positive money habits and values among fisherfolk through a fun and interactive game.

Embedded in the game are the important key messages on financial literacy and marine conservation, including nurturing oceans and aquatic resources); saving for the future; expanding income sources by putting up a business; getting insurance for protection; and using debt wisely.

The BSP, USAID-Fish Right, BDO Foundation successfully launched and turned over the Fish N’ Learn game kits to DA-BFAR in May 2022 in celebration of the Farmers’ and Fisherfolk’s Month.