Diaspora Journey takes you to the world of millions of people on the move. It contains news, articles, studies, and stories from various sources about the everyday life of diasporas. It also includes topics and discussions related to migration, development, remittances and microfinance.
Wednesday, 2 November 2011
PHILIPPINES: World Bank eyes support for OFW program
World Bank Group president Robert B. Zoellick said the multilateral lender was open to providing financial support to the Philippines for an assistance program for overseas Filipino workers (OFWs) affected by unfavorable events offshore.
In a press conference Thursday, Zoellick, who was in Manila for a two-day visit, acknowledged the ill-effects of the weak economies of the United States and the eurozone on migrant workers.
Zoellick said the bank funded similar assistance programs in the past in other countries, and it was willing to do the same for the Philippines.