The Bangko Sentral ng Pilipinas (BSP) has welcomed its latest international recognition after receiving the 2026 “Reserve Manager” award from Central Banking, a London-based publication that honors excellence in central bank operations.
The award highlights the BSP’s efforts to modernize the way it manages the country’s international reserves, with reforms aimed at making its portfolio more agile, diversified, and resilient amid global market volatility.
Central Banking cited the BSP for strengthening its reserve management framework through key improvements in strategic asset allocation, the use of more active risk-management tools, and broader reserve diversification. The central bank also enhanced its internal capability to invest in new asset classes, refined its rules for external fund managers, upgraded gold management practices, and improved its responsible investing guidelines.
BSP Governor Eli M. Remolona Jr. said the recognition affirms the central bank’s commitment to maintaining a prudent and forward-looking approach in safeguarding the country’s financial position.
“We continue to be prudent, forward-looking and to diversify risk in our reserve management. This is a vital step toward safeguarding price and financial stability,” Remolona said.
The BSP’s gross international reserves stood at US$112.7 billion as of end-February 2026, providing the country with a strong external liquidity buffer. This level is equivalent to 7.5 months’ worth of imports of goods and payments of services and primary income, as well as 4.2 times the country’s short-term external debt based on residual maturity.
The latest recognition adds to the BSP’s growing list of distinctions from Central Banking. In 2025, the institution was also named “Currency Manager of the Year” for ensuring an adequate supply of reliable banknotes, including the successful rollout of the polymer banknote series.
The back-to-back awards underscore the BSP’s broader push to strengthen institutional credibility, modernize its operations, and reinforce the country’s financial stability in an increasingly complex global environment.