PLACIDO CIDITO LEDESMA MAPA JR.

[ JUNE 24, 1932-MAY 5, 2019 ] a Filipino businessman,

economist, and government official best known for having served as the second head of the NATIONAL
ECONOMIC AND DEVELOPMENT AUTHORITY [NEDA], Which is the Philippines highest economic and
development planning body. He was once governor of the development bank of the Philippines [DBP]. He also
held the position of Alternative Executive Direct for the Philippines of the international monetary fund. He was
President of the Philippines economic Society From 1965 to 1966.

PLACIDO L. MAPA JR.

2nd DIRECTOR-GENERAL OF THE NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY

CONCURRENTLY MINISTER OF ECONOMIC PLANNING

IN OFFICE

1981-1983

PRESIDENT BY FERDINAND MARCOS

PRECEDED BY GERARDO SICAT

SUCCEEDED BY CESAR VIRATA

 PERSONAL DETAILS

BORN JUNE 24, 1932 TALISAY,

NEGROS OCCIDENTAL

PHILIPPINES

DIED MAY 5, 2019 [AGED 86]

ALMA MATER HARVARD UNIVERSITY

OCCUPATION BANKER BUSINESSMAN

PROFESSION ECONOMIST

He served Metropolitan Bank and Trust Company [METROBANK] for 30 years in various capacities including
President and Vice-chairman. During his stint with metro bank, he was also President of the Metrobank
Foundation, Inc., and chairperson of the board of advisers of metro bank.

Mapa Jr, was the founding Chaiman of the Board of the Center for Research and Communication [CRC], and of
the University of Asia and the Pacific which evolved from it.

He was a son of PLACIDO MAPA SR. Who served as Mayor of Baguio City, President of Rehabilitation
finance Corp [RFC], The predecessor of Development Bank of the Philippines and Founding President of
Metrobank.

EDUCATION

MAPA obtained his A.B. from the Ateneo de Manila University, his M.A. from St. Louis University, and his
phD in economics from Harvard University in Cambridge, Massachusetts.

EARLY CAREER

After graduating from Harvard in 1962, Mapa briefly served in the Private sector, working for the National City
Bank of New York, which would later be renamed Citibank.

ENTIRING GOVERNMENT SERVICE

In 1964, Mapa was recruited by President DIOSDADO MACAPAGAL in 1964 to serve as deputy Director
general for the program Implementation Agency [PIA], an advisory group Macapagal created to support the
economic work of the office of the president.

DEATH

In MAY 2019, the University of Asia and the Pacific, on whose board Mapa sat as chair, reported that he died
May 5, 2019. Mapa’s death was also reported by GERARDO SICAT in his column in Philippines Star on May
8, 2019. A testimonial was also published in the UA-P Website.