Fanny C. Garcia

From Wikipilipinas
Jump to navigation Jump to search

Fanny Cortes Garcia (b. April 9, 1920 - d. unknown), born in Surigao City, was an internationally known economics expert who had played major roles at conferences in Southeast Asia, United States, and Europe. She was the owner of the Pacific Cement Company, Inc., and the president of First Malabon Savings and Loan Association in Greater Manila, and of Cebu Memorial Park.

Widow of the late Dr. Enrique M. Garcia, a consulting chest surgeon at the Philippine General Hospital, Quezon Institute, and V. Luna General Hospital, Garcia was a former professor at the University of the Philippines and Far Eastern University College of Medicine, and was appointed minister of health.


Fanny Garcia graduated cum laude from the University of the Philippines where she took up Bachelor of Science in Business Administration. She went to the the United States after the World War II to study at the New York University where she attained her Master of Science in Business Administration in June 1948. While she was a student, she worked in Philippine National Bank agency in New York, and for two years, as economic affairs officer in the United Nations Secretariat.

Career Woman

Garcia worked as an assistant economist in the Department of Economic Research of the Central Bank of the Philippines, and after six years, she became the economist, assistant director of a department, and finally special assistant to the governor, who was in charge of the Department of Economic Research.

She was sent to the Yale University to participate in international and foreign economic administration, under the joint sponsorship of the Mutual Security Agency and the Central Bank for one year (1953-54). At the said university, she finished an M.A. in economics with high honors, she was recognized by Robert Triffin, head of Yale's Department of Economics as one of his most outstanding student.

Fanny became an internationally known economics expert and played major roles in international economic conferences. She was also a prominent figure in annual consultation meetings of the International Monetary Fund (IMF).

  • Attended the 1956, 1957, 1959 and 1961 annual meetings of the Board of Governors of the International Bank for Reconstruction and Developement (IBRD), International Monetary Fund (IMF), International Finance Corporation, and International Development Association.
  • In September 1956, she attendend the annual meeting of International Financial Statistics in Washington D.C.
  • She was the vice-chairman of the group representing the Philippines at the Colombo plan conference held in Seatle in 1958, in Djakarta in 1959, and in Tokyo 1960.
  • In 1955, she was the representative of the Cetral Bank's to the first working party on economic development and planning held in Bangkok.
  • Emmanuel Pelaez, former secretary of foreign affairs, highly recommended her in her contribution in the preparatory work for the meeting of the Association of Southeast Asia (ASA) held in Bangkok in June 1961, In the ASA foreign ministerial meeting at Kuala Lumpur in April 1962, and the second meeting of joint working party of the ASA held in Manila in 1963.
  • She toured the Southeast Asian countries to study their progress with respect to the foreign exchange restrictions with a view of formulating a progaram to eliminate exchange restrictions in the Philippines.


  • Member, Philppine Economic Society
  • Member, American Economic Association
  • Elected deligate, Constitutional Convention (1971)
  • Secretary-treasurer, University of the Philippines Business Alumni Association (1961-66)
  • President, University of the Philippines Business Alumni Association (1967)
  • Trustee, U.P. Endowment Foundation , Inc., (1969-71)
  • Director, UP-PGH Auxillary (1970-71)
  • Member, Management Association of the Philippines
  • Treasurer, UP Business Research Foundation
  • Director, UP Business Research Foundation


  • Ancheta, Hermina M. and Michaela Beltran-Gonzales. Filipino Women in Nation Building. A compilation of Brief Biographies. Quezon City: Phoenix Publishing House, 1984.



Original content from WikiPilipinas. under GNU Free Documentation License. See full disclaimer.