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FDC presentation for Migrants

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James Matthew Miraflor
James Matthew Miraflor

Gives a brief description and analysis of the financial implications of remittance-dependence on the debt and national development.

News & PolitikBusinessWirtschaft & Finanzen
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Filipino Migrant Workers Remittances, External Debt, and the Philippine Economy Preliminary Analysis Trends and Issues Regional Conference on Migration People's Global Action (PGA) October 24, 2008 James Matthew Miraflor Researcher Freedom from Debt Coalition
Context: OFW remittances and its Current Role in the Economy ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
OFWs: A Foreign Currency Suction ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
OFWs: A Foreign Currency Suction Source : Bangko Sentral ng Pilipinas, Philippine Overseas Employment Authority
Immediate Effects on Monetary and Macroeconomic Status ,[object Object],[object Object],[object Object],[object Object],[object Object]
Immediate Effects on Monetary and Macroeconomic Status ,[object Object],[object Object],[object Object],[object Object]
Immediate Effects on Monetary and Macroeconomic Status ,[object Object],[object Object],[object Object],[object Object]
The Causes of Migration ,[object Object],[object Object],[object Object],[object Object]
Source : National Statistics Office, POEA
LEP, a Balance of Payments troubleshooter ,[object Object],[object Object],[object Object],[object Object]
Paying Debts through Migrants’ Labor ,[object Object],Source : Philippine Overseas Employment Agency, OFW Remittances, Bureau of Treasury for Debt Service, BSP for currency exchange
The Role of IFIs: Development Debacles, Champions of “Debt Sustainability” Framework ,[object Object],[object Object],[object Object]
GFMD in the Philippines, what does it mean for us? ,[object Object],[object Object],[object Object],[object Object]
New Paradigm: Employment as Aid, Remittances as FfD – A Critique ,[object Object],[object Object],[object Object]
The Focus on Remittance: Who’s to Gain? ,[object Object],[object Object]
Recommendations ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Recommendations ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object]
[object Object],Freedom from Debt Coalition. #11 Matimpiin Street, Brgy. Pinyahan, Quezon City, Philippines 1100. http://www.fdc.ph . [email_address] . +63(02)9246399 (telefax). +63(02)9211985. www.fdc.ph

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FDC presentation for Migrants

  • 1. Filipino Migrant Workers Remittances, External Debt, and the Philippine Economy Preliminary Analysis Trends and Issues Regional Conference on Migration People's Global Action (PGA) October 24, 2008 James Matthew Miraflor Researcher Freedom from Debt Coalition
  • 2.
  • 3.
  • 4. OFWs: A Foreign Currency Suction Source : Bangko Sentral ng Pilipinas, Philippine Overseas Employment Authority
  • 5.
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  • 9. Source : National Statistics Office, POEA
  • 10.
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