Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. (third from left) and Cooperative Development Authority (CDA) chairman and Undersecretary Joseph Encabo (second from left) sign the memorandum of agreement on the Cooperative Oversight Arrangement on Oct. 18, 2023. Joining them as witnesses are BSP Deputy Governor Mamerto E. Tangonan (right) and CDA board member and assistant secretary Myrla Paradillo.