Overseas Filipinos Remittances for Development (OFs-ReD): Building a Future Back Home
OFs-ReD is a two-year project that seeks to identify effective mechanisms to harness remittances for local development, job creation and entrepreneurship. It will also identify the policies necessary for these mechanisms to be successful
The project will have two major outputs: one, to develop mechanisms to engage the Diaspora (Overseas Filipinos and their home communities) to become involved in local development and services delivery; and two, to encourage the creation of a policy environment that enables and encourages the utilization of remittances for local economic development. A key activity will be designing and developing pilot projects with Diaspora associations to support the creation of local industries and jobs, while enhancing access to markets.