Overseas Filipinos Diaspora Remittances for Development (OFsReD)
Overseas Filipinos Diaspora Remittances for Development (OFsReD) is a project jointly implemented by the Commission on Filipinos Overseas (CFO), United Nations Development Programme (UNDP) and Western Union in 2010. The project successfully worked towards mainstreaming migration and development in the Philippine Development Plan 2011-2016. A collective remittance fund was established to lend to migrant-owned enterprises in the province of Ilocos Norte. A website was also set up to document the initiatives and implementation of the project and also serve as a platform for future crowdfunding among the Ilocano Diaspora to contribute to the fund.
Sector
- Communication & information
- Finance
- Governance
- Policy
- Remittances