Rafael Buenaventura
| Rafael B. Buenaventura | |
|---|---|
Rafael Buenaventura, ca. 2004
|
|
| 2nd Governor of the Bangko Sentral ng Pilipinas | |
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In office 6 July 1999 – 3 July 2005 |
|
| President |
Joseph Ejercito Estrada Gloria Macapagal-Arroyo |
| Preceded by | Gabriel C. Singson |
| Succeeded by | Amando Tetangco, Jr. |
| Personal details | |
| Born |
5 August 1938 San Fernando, La Union, Philippine Commonwealth |
| Died | 30 November 2006 (aged 68) |
| Cause of death | Cancer |
| Nationality | Filipino |
| Profession | Banker |
| Signature |  |
Rafael Carlos Baltazar Buenaventura (August 5, 1938 - November 30, 2006) was a prominent banker in the Philippines who served as the second Governor of the Bangko Sentral ng Pilipinas (from 1999 to 2005); he served under two Philippine presidents during one of the most tumultuous political transitions in the country’s history.
Known for his fierce independence, Buenaventura was often targeted for removal from public office throughout his six-year term. However, his shrewd handling of both his detractors and supporters allowed him to accomplish key policy reforms at a time when political upheavals often derailed the country's economic progress. By the end of his term as central bank governor, he had managed to steer the financial system closer to global standards.
He died November 30, 2006 at age 68 following a protracted fight with cancer.
Rafael Carlos "Paeng" Baltazar Buenaventura was born to a middle-class family in San Fernando City, La Union, Philippines. His father, Antonio, was regional treasurer for the northern provinces of Luzon. His mother, Consuelo, was a devoted homemaker who also went on to co-found a rural bank in Aringay.
Buenaventura was one of four siblings. His eldest brother, Cesar A. Buenaventura, was former Chairman and CEO of Pilipinas Shell, and is a partner at the investment advisory and merchant bank, Buenaventura, Echauz and Associates. His other brother, Jose, is a lawyer and is a senior partner at Romulo Mabanta, Buenaventura, Sayoc and Angeles Law Offices, one of the most prominent law firms in the country. His only sister, Elisa P. Buenaventura is a treasurer and board member of the Asian Social Institute in Manila.
In 1965, Buenaventura married Fairley "Lee" Earl, an American writer whom he had met during his student days in New York City. They had three children (Paul, Deanna, and Melissa) and, at the time of Buenaventura's death, two grandchildren.
Born and raised as a Roman Catholic, Buenaventura was educated in Ateneo de Manila, where he completed his secondary education. It was at the Ateneo that Buenaventura met and schooled with the man who would later become president of the country, Jose Marcelo Ejercito, otherwise known as the actor and politician, Joseph Estrada. After completing his high school education, Buenaventura matriculated at the De La Salle College (later De La Salle University-Manila), where he received a bachelor's degree in commerce. He went on to complete a master's degree in business administration at the Stern School of Business of the New York University in the United States.
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