PHILLIPPINE PERSPECTIVE ON MIGRATION: Various Impacts of International Migration And the Role of the Filipino Diaspora In the Country’s Development. Delivered by
Various Impacts of International Migration
And the Role of the Filipino Diaspora
In the Country’s Development
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
“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.”
The Philippines ranks third (tied with Mexico) globally in terms of remittances ($24 billion). Remittances to the Philippines constitute 10.7% of the country’s GDP, the highest of any country in Southeast Asia.
Source: World Bank, 2011 & 2012
The Philippine Central Bank
or Bangko Sentral ng Pilipinas (BSP) indicate that in 2011, remittances of overseas Filipinos, coursed through the formal channels, reached US$ 20.1 billion.
Remittances have been resilient, providing cushion against external shocks
Overseas Filipinos’ Remittances
1980 – October 2011 (in billion US$)
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.
The ReDC is both an advisory and policy recommending body and a venue for regular dialogues and feedback on issues regarding remittances.
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.
“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
BASIC EDUCATION: K to 12 Modeling Program
Higher Education and Training Curriculum
Improve TESDA Training Management
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.”