An Open Letter to the Honorable Members of the Commission on Appointments

We wish to point out a legal controversy regarding the appointment of Mr. Rafael Buenaventura as the new governor of the Bangko Sentral ng Pilipinas (BSP). The new Central Bank Act (Sec. 6(a) provides that “the governor of the Bangko Sentral shall be head of a department and his appointment shall be subject to confirmation by the Commission on Appointments.” In this light, we appeal to the Commission on Appointments (CA) to exercise its right, if not fulfill its obligation, to subject to the confirmation process President Estrada’s appointment of Mr. Rafael Buenaventura to the position of Bangko Sentral governor.