Written by IBON Media
Saturday, 21 February 2009
The situation OFWs are now facing is a wake-up call for government which has mythologized overseas remittances as some kind of magic bullet for development.
IBON Features Even as overseas Filipino workers (OFW) remittances grew by 13.7% last year, the slowdown in growth in December 2008 draws attention to the possible difficulties in the coming months as the economy faces the effects of the global downturn.
As of January 31, the Philippine Overseas Employment Administration has reported 5,221 displaced OFWs in 15 countries who have returned home since the global economic downturn worsened in September 2008. The agency also listed more than 270 retrenched OFWs in 5 countries who are awaiting deployment because of establishment closures in their host countries. Read on.
OFWS & Migration
