Rice expert joins Monetary Board

FILIPINO economist and former Agriculture undersecretary Bruce Tolentino has formally joined the Bangko Sentral ng Pilipinas’ Monetary Board (MB).

Central Bank Governor Nestor Espenilla administered Tolentino’s oath on Friday following the latter’s June 6 appointment by President Rodrigo Duterte.

Tolentino will serve until July 21, 2020, corresponding to the unexpired six-year term balance of Valentin Araneta who passed away in February this year.

The Bangko Sentral said Tolentino would serve as the go-to guy for all agriculture-related and food securitiy issues raised during Monetary Board meetings.

Prior to joining the MB, Tolentino served as deputy director general of the International Rice Research Institute.

Before this, he was also chief economist and country representative at The Asia Foundation for five years, was a senior technical adviser at the Agriculture and Natural Resources of the Catholic Relief Services and a senior economic policy adviser at the Asian Development Bank.

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