Migration, Trade and Investments

The National Strategy aims to optimize collective efforts toward financial inclusion in the Philippines. It aims to raise awareness, appreciation and understanding of financial inclusion and enable coordination among various stakeholders.

The objective of the National Strategy is aligned with the Philippine Development Plan (PDP), which envisions a regionally-responsive, development-oriented and inclusive financial system that provides for the evolving needs of adiverse Filipino public.

Japan and Indonesia have established a close economic relationship in a wide range of areas: both sides have considerable mutual commercial interest and there’s complementary nature of trade and investment structure of Japan and Indonesia.  IJEPA aims to strengthen and promote mutually beneficial economic ties between the two countries, and contribute to realizing multi-layered cooperation for capacity building in various ways.

The Economic and Financial Learning Program is a pioneer multi-partner initiative for Filipino migrant workers and remittance-receiving family members. It is among the Bangko Sentral ng Pilipinas (BSP)’s efforts to promote financial inclusion by educating the public in basic financial matters. The program aims at helping Filipinos understand important economic and financial issues in order for them to develop the “skills needed to make well-informed” decisions and choices.

The SECO Start-up Fund (hereafter, the Fund) is a risk capital vehicle launched in 1997. The Fund is fully owned by the Swiss State Secretariat for Economic Affairs SECO and is an instrument of SECO’s Economic Cooperation and Development Division. The Fund is managed by FinanceContact Ltd., a Zürich-based private management company.

The general objective is to support productive investments of Moroccans investors living in France with i) a dedicated support mechanism for Moroccans entrepreneurs based in France and in Morocco ii) activities with public institutions to improve the investment environment for Moroccans residing abroad
Activities:
1. Strengthen capacities of a dedicated unit for the coordination of economic initiatives of Moroccans residing abroad within the MCMREAM.

IFAD’s Financing Facility for Remittances (FFR) is one of the few entities dealing directly with migrant and remittance-specific issues since its start-up in 2006. The FFR is a US$38 million multi-donor fund which promotes economic opportunities for the rural poor through the support and development of innovative, cost-effective, and easily accessible international and/or domestic remittance services. The core purpose of the FFR is to maximize the impact of remittances on development.

The general objective is to support local development projects and productive investments (collective and individual) of the Malian diaspora in Mali with i) a dedicated support mechanism for entrepreneurs in France and country of origin ii) activities with public institutions and private sector institutions to improve the investment climate in countries of origin
Activities:

In the Dominican Republic, Quisqueyana, Mercantil, and Visa International produced a product called Cashpin, the only card product in the Dominican remittance marketplace.  Cashpin is a rechargeable debit card, hand-delivered in the traditional way. Once the sender sets up the account, the card need only be activated by the receiver by phone. Value can be increased by both the sender and the receiver. The card is usable anywhere in the local or international Visa Electron network, as well as on the domestic ATH network. 

The Commitment to Development Index ranks 27 of the world’s richest countries (OECD countries) on policies that affect the more than five billion people living in poorer nations.

This project was undertaken by the World Bank, the African Development Bank, the UK’s Department for International Development (DFID) and the Africa Region and Development Prospects Group at the World Bank with the objective of examining the incidence and impacts of migration and remittances across sub-Saharan Africa, a region where relatively little is known about migration trends and the impact of remittances upon development.