President Benigno Aquino III has appointed Finance Undersecretary Rosalia de Leon as Treasurer of the Philippines, succeeding Roberto Tan who is now an executive director of World Bank.
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After De Leon concluded the successful sale of $750 million worth of 10-year global peso notes on Thursday, she took her oath of office before Finance Secretary Cesar Purisima, the Finance Department said in a statement Friday.
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Assistant Secretary Maria Edita Tan, who has been with International Finance Group?s International Finance Operations since 1992, was designated as officer-in-charge of the department vacated by De Leon.
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Since 2010, De Leon has served as undersecretary for the International Finance Group at the Finance Department, where she represented the department in multilateral and regional financial forums and cooperation.
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She formulated government?s debt financing strategies, managed the risks of public sector debt, and executed liability management transactions covering the country?s foreign debt.
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De Leon holds a degree in Master of Arts in Development Economics from Williams College Massachusetts and a Bachelor of Arts Degree in Economics from the University of the Philippines.
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She served as advisor to the Philippine executive director at the Asian Development Bank. ? Rouchelle Dinglasan/VS, GMA News
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