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PHILLIPPINE PERSPECTIVE ON MIGRATION: Various Impacts of International Migration

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

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  1. 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

  2. OVERVIEW OF PHILIPPINE MIGRATION

  3. 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.”

  4. 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

  5. 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.

  6. 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

  7. BSP Overseas Filipinos Portal www.bsp.gov.ph 7

  8. Ofs-ReD 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.

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

  10. PHILIPPINE DEVELOPMENT PLAN 2010-2016 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.

  11. SAVING MECHANISMS FOR MIGRANT REMITTANCES • 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.

  12. SOCIAL IMPACT OF MIGRATION

  13. THE PRESIDENT’S DIRECTIVE TO REVERSE THE BRAIN DRAIN ANDTO 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

  14. EDUCATION AND TRAINING CURRICULUM REVIEW BASIC EDUCATION: K to 12 Modeling Program

  15. EDUCATION AND TRAINING CURRICULUM REVIEW Higher Education and Training Curriculum

  16. EDUCATION AND TRAINING CURRICULUM REVIEW Improve TESDA Training Management

  17. PHILIPPINES QUALIFICATION FRAMEWORK

  18. CAREER GUIDANCE ADVOCACY

  19. SKILLS REGISTRY SYSTEM & EXPAND LINKS OF DOLE DATA WAREHOUSE

  20. DIASPORA TO DEVELOPMENT (D2D) D2D Components

  21. PRE-DEPARTURE ORIENTATION SEMINARS

  22. MIGRANT WORKERS AND OVERSEAS FILIPINOS 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.”

  23. Maraming Salamat! 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: info@cfo.gov.ph Website: www.cfo.gov.ph

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