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Department of Labor and Employment

National Reintegration Center for OFWs (NRCO)

February 2019

 

To intensify the Philippine government’s campaign on financial inclusion among Filipino migrant workers and their families, the Overseas Workers Welfare Administration (OWWA), through the National Reintegration Center for OFWs (NRCO), the Bangko Sentral ng Pilipinas (BSP) and the Banco De Oro Foundation (BDOF) will launch a financial literacy campaign on 18 February 2019 at the BSP Assembly Hall.

This campaign will serve as the flagship program of the Philippine government that will aim to respond to the financial literacy needs and interests of OFWs and their families left behind who are the main recipients of international remittances.

For the initial phase, the advocacy will target the domestic workers, together with their dependents, and will specifically focus on values formation and positive change in their financial behaviours. Through various innovative initiatives and materials to be developed, this campaign will also mainstream and highlight the significance of savings, venturing into small and micro businesses, and exploring the benefits of long-term investments in their preparation for retirement and reintegration back in the country.

Moreover, the campaign will standardize financial literacy modules that will be used for OWWA’s Pre-Departure and Post Arrival Orientation Seminars including the regional advocacies and financial education seminars intended for families of the OFWs in the country.

Innovative information materials and videos will also be produced that can be accessed through various online platforms and social media channels. ###