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PHILLIPPINE PERSPECTIVE ON MIGRATION: Various Impacts of International Migration And the Role of the Filipino Diaspora In the Country’s Development. Delivered by

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PHILLIPPINE PERSPECTIVE ON MIGRATION:

Various Impacts of International Migration

And the Role of the Filipino Diaspora

In the Country’s Development

Delivered by

Cabinet-level Secretary Imelda M. Nicolas Chairperson, Commission on Filipinos Overseas (CFO)Office of the President of the Philippines

Second International Forum on Migration and Development

26 November 2012, Guadalajara, Mexico



Philippine president benigno s aquino s social contract w the people
Philippine President benigno s. aquino’s Social Contract w/ the people

“From a government that treats its people as an export commodity and a means to earn foreign exchange, disregarding the social cost to Filipino families…to a government that creates jobs at home, so that working abroad will be a choice rather than a necessity, and when its citizens do choose to become Overseas Filipino Workers, their welfare and protection will still be the government’s priority.”


Economic impact of migration
ECONOMIC IMPACT OF MIGRATION

The Philippines ranks third (tied with Mexico) globally in terms of remittances ($24 billion). Remittances to the Philippines constitute 10.7% of the country’s GDP, the highest of any country in Southeast Asia.

Source: World Bank, 2011 & 2012


Remittances
REMITTANCES

The Philippine Central Bank

or Bangko Sentral ng Pilipinas (BSP) indicate that in 2011, remittances of overseas Filipinos, coursed through the formal channels, reached US$ 20.1 billion.


Remittances have been resilient, providing cushion against external shocks

Overseas Filipinos’ Remittances

1980 – October 2011 (in billion US$)

  • Remittances up by 7.2% in 2011 from that of 2010

  • Sustained remittances’ growth due to:

    • Diversity of OFs’ skills and expertise

    • New and expanded markets

    • Expansion of bank and non-bank services

  • Remittances have other benefits

    • Underpin private consumption

    • Raise savings

    • Increase investment in human capital

    • Broaden middle-class segment


Bsp overseas filipinos portal
BSP Overseas Filipinos Portal external shocks

www.bsp.gov.ph

7


Ofs red project
Ofs-ReD external shocks PROJECT

Addressed the goal of harnessing the potential of overseas remittances for poverty reduction and consequently, local economic development

Supports policies that transform overseas remittances for development, savings and investments, and builds a viable collective remittance fund.


Remittance for development council
REMITTANCE FOR DEVELOPMENT COUNCIL external shocks

The ReDC is both an advisory and policy recommending body and a venue for regular dialogues and feedback on issues regarding remittances.


Philippine development plan 2010 2016
PHILIPPINE DEVELOPMENT PLAN 2010-2016 external shocks

Together with the National Development Authority (NEDA), the CFO managed to get at least 60 migration‐related provisions (in seven out of nine chapters) of the Philippine Development Plan.


Saving mechanisms for migrant remittances
SAVING MECHANISMS FOR MIGRANT REMITTANCES external shocks

  • Social Security System (SSS)

  • Allows its members to take part in Flexifund, a savings program that pays 8% interest per annum and that supplements a member’s regular sickness, retirement, and death benefits offered by the SSS.

  • Pag-IBIG Fund (Home Development Mutual Fund)

  • Provides pay returns of 3% for dollar contributions and 7.5% for peso contributions.

  • Both Pag-IBIG and SSS, were restructured to serve as savings mechanisms and to respond to two of the main uses for migrant remittances – retirement/health and housing.

  • Source: Asian Development Bank. 2004. Enhancing the Efficiency of Overseas Filipino Workers’ Remittances.



The president s directive to reverse the brain drain and to solve skills education job mismatch
THE PRESIDENT’S DIRECTIVE TO REVERSE THE BRAIN DRAIN AND external shocksTO SOLVE SKILLS-EDUCATION-JOB MISMATCH

“Invest in our country’s top resource, our human resource, to make us more competitive and employable while promoting industrial peace based on social justice

22- Point Platform and Policy

Pronouncements on Labor and Employment


Education and training curriculum review
EDUCATION AND TRAINING external shocksCURRICULUM REVIEW

BASIC EDUCATION: K to 12 Modeling Program


Education and training curriculum review1
EDUCATION AND TRAINING external shocksCURRICULUM REVIEW

Higher Education and Training Curriculum


Education and training curriculum review2
EDUCATION AND TRAINING external shocksCURRICULUM REVIEW

Improve TESDA Training Management



Career guidance advocacy
CAREER GUIDANCE ADVOCACY external shocks


Skills registry system expand links of dole data warehouse
SKILLS REGISTRY SYSTEM & EXPAND external shocksLINKS OF DOLE DATA WAREHOUSE


Diaspora to development d2d
DIASPORA TO DEVELOPMENT (D2D) external shocks

D2D Components



Migrant workers and overseas filipinos act
MIGRANT WORKERS AND OVERSEAS external shocksFILIPINOS ACT

The amendment of the Migrant Workers and Overseas Filipinos Act and its implementing rules in 2010, expanded the definition of overseas Filipinos “to migrant workers, other Filipino nationals and their dependents abroad.”


Maraming Salamat! external shocks

COMMISSION ON FILIPINOS OVERSEASCitigold Center, 1345 Quirino Avenue corner Pres. Osmeña Highway, Paco, Manila 1007, Philippines Tel. nos. (632) 552-4700 local 401; (632) 561-8291 Fax no. (632) 561-8332 E-mail: [email protected] Website: www.cfo.gov.ph


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