Enhancing The Efficiency Of Overseas Workers Remittances Technical Assistance Report
Migrant remittances represent the most direct, immediate and far reaching benefit to migrants and their countries of origin. They are a more constant source of income to developing countries including the Philippines.
This study takes the perspective of remittances as a critical source of capital and resources that have impacted, and will probably continue to impact on the development of millions of households in the Philippines. The two main areas of this study included a review of the flows of remittances by Overseas Filipino Workers from two representative sources countries (Singapore and the United States) and the identification of the constraints in the policy, regulatory, and institutional framework that influence or impact on these flows
The principal objective was to develop proposals that will address the problems and constraints with a view to increasing remittance volumes, facilitating the shift from informal to formal channels, and leveraging the use of remittances for sustainable poverty reduction.
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