BSP Measures Against COVID-19

The Bangko Sentral ng Pilipinas (BSP) has taken several significant measures to support the Philippine government's efforts against the coronavirus disease 2019 (COVID-19).

On Thursday, March 26, 2020, the BSP decided to provide an additional P20 billion in dividends to the national government. This amount represents 87% of the estimated total dividends based on the BSP's unaudited financial statements for 2020.

Three days earlier, on Monday, March 23, 2020, the BSP announced a more substantial measure: it authorized the purchase of P300 billion worth of securities from the Bureau of Treasury (BTr) under a repurchase agreement with a maximum repayment period of six months. This move is akin to quantitative easing and aims to provide liquidity support for the government's response to the pandemic.

These actions reflect the BSP’s commitment to ensuring financial stability and supporting economic activities during this challenging time, demonstrating its role as a key institution in coordinating national efforts against the adverse impacts of COVID-19.