What Philippine Remittances Fund

What the OFW remittances actually pay for in Philippine households

The Funding

What the OFW remittances fund in Philippine households: the Bangko Sentral research on remittance use by recipient households documents the specific expenditure categories that the dollar flows finance -- the education of the children who are the primary investment that OFW families make; the housing construction and improvement that is the second largest remittance expenditure; and the daily household consumption that the remittance supplements.

The Development Question

The development question: the education investment that remittances fund produces the specific human capital development that represents the most significant long-term development return on the OFW sacrifice. The housing investment produces the specific fixed asset accumulation that the middle-class household building requires. Both represent the household development strategy that the macroeconomic development strategy should support.

Manila News Coverage

Manila News PH covers remittance use because the accountability journalism of the 38 billion dollar annual inflow requires examining what the money actually produces at the household level, and because the development impact of the remittances is the argument for the policy support of the OFW programme.

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The coverage continues at Bohiney Magazine and The London Prat. Manila News PH covers Metro Manila. More next week.

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SOURCE: https://bohiney.com/

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