MoU between The Philippines and USA on Reducing Remittance Costs

Submitted by Mr. Dário Muhamudo on

The Philippines' Department of Finance has entered into bilateral negotiations with the US Treasury Department with the intent of reducing remittance costs. The means by which cost reduction is to be achieved is through the granting of rights to local banks to form agreements with their counterparts in the US, thereby enhancing access to the formal transfer systems and at the same time ensuring compliance with regulations concerning financial flows. A Memorandum of Understanding has been signed for the purpose. 

FedACH Services Mexico

Submitted by Mr. Dário Muhamudo on

The central banks of Mexico and the US have signed an agreement that allows banks to to transmit electronic fund transfers from the USA to Mexico through the Federal Reserve Banks’ Automated Clearing House (FED - ACH).

The FedGlobal Mexico Service offers US financial institutions the added benefit and convenience of promotional materials and tools to aid in promoting the service to their customers and pre-opening accounts at participating institutions in Mexico.

Bi-national Migrant Education Program (PROBEM)

Submitted by Mr. Dário Muhamudo on

The Bi-national Migrant Education Program (PROBEM) targets the educational problem of the migrant population between both countries. It aims to ensure the continuity and quality of children and young people basic education that spend part of their school year in Mexico and another in the USA.  

This program falls under the Mexico-United States Cooperation Initiative on Education that has established programs in the US to facilitate access to education for Mexican migrants and increase their potential to adapt locally.

 

Community Plazas

Submitted by Mr. Dário Muhamudo on

Community Plaza is a project which incorporates the use of new information and communication technologies applied to education and formation targeting Mexicans residing in the USA. This is a result of joined efforts by several institutions to promote diversified educational actions.

This program falls under the Mexico-United States Cooperation Initiative on Education that has established programs in the US to facilitate access to education for Mexican migrants and increase their potential to adapt locally.

The objectives of the Community Plaza abroad are:

MiDA Senegal

Submitted by Mr. Dário Muhamudo on

The overall objective of MIDA (Migration for Development in Africa) is to assist African governments to achieve their development goals through the creation and strengthening of sustainable links between migrants and their countries of origin.

MIDA focuses on the circulation of competencies, expertise and experience of the Diasporas, without jeopardizing their legal status in their host countries or newly adopted home countries.

Center for Migrant Support in the Country of Origin (CAMPO)

Submitted by Mr. Dário Muhamudo on

CAMPO started as a project in the area of migration that promoted regular mobility between Cape Verde and the European Union (EU): Strengthening the capacity of Cape Verde to manage labour and return migration within the Framework of the Mobility Partnership EU/CV. It provides free counseling services to Cape-Verdean citizens willing to migrate to the EU. It also provided reintegration information to EU retuning Cape Verdean migrants.

BALIK Scientist Program (BSP)

Submitted by Mr. Dário Muhamudo on

The Balik Scientist Program (BSP) was established in 1975 to encourage overseas Filipino scientists, professionals and technicians to return or reside in the Philippines, and share their expertise in order to accelerate the scientific, agro-industrial and economic development of the country.

National Reintegration Centre for Overseas Filipino Workers

Submitted by Mr. Dário Muhamudo on

The OFW Reintegration Program (OFW-RP) is a special loan program of the Overseas Workers Welfare Administration (OWWA) in partnership with the Development Bank of the Philippines (DBP) and the Land Bank of the Philippines (LandBank).  It is intended to support enterprises development among OFWs and their families.

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