The Bangko Sentral ng Pilipinas (BSP) and the Philippine Space Agency (PhilSA) signed a memorandum of agreement (MOA) on 27 January 2026 on the use of satellite technology to assess climate and environmental risks. The partnership aims to enhance financial stability, sustainability, and resilience.
Under the MOA, the BSP will access PhilSA’s satellite imagery and other datasets to identify areas vulnerable to climate-related hazards and evaluate their impact on communities and economic activities. These insights can inform monetary policy, financial supervision, and sustainability initiatives.
According to BSP Assistant Governor Pia Bernadette R. Tayag, “The MOA reflects how we view resilience-building in the financial system: It requires good governance, strong coordination, and better data—supported by technology that helps institutions act earlier and smarter. This innovation improves preparedness across the economy and the financial sector.”
Meanwhile, PhilSA Director General Dr. Gay Jane P. Perez underscored that “space science and banking may appear to operate in different domains, yet both are ultimately concerned with stability.” She said the MOA highlights the BSP’s and PhilSA’s commitment to manage climate risks.
Beyond data sharing, BSP and PhilSA will also collaborate on tools, research, and capacity-building to promote the responsible use of satellite data and geospatial analytics[1] in support of their respective mandates.
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