Statement of Support for BSP Gov. Amado Tetangco

We, the Fellows of the Foundation for Economic Freedom, Inc. (FEF), give our unequivocal support for the reappointment of Bangko Sentral ng Pilipinas (BSP) Governor Amado Tetangco Jr. to another term as the head of the nation's monetary authority.

We believe that BSP Governor Tetangco deserves another term for ably steering the economy to a state of stable low inflation;

For managing the nation's monetary agency in a professional and competent manner, without political considerations;

For increasing the credibility of the Bangko Sentral both in the local and international financial community;

For keeping inflation under control without compromising the soundness of the country's banking system and its rate of economic growth.

For implementing structural banking reforms and preserving financial stability under his watch, allowing the economy to remain resilient through the last global financial crisis.