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UNDP | Poverty Reduction (1057 words) |
 | Remittances from skilled and unskilled migrants overseas provide an important source of income and help to alleviate poverty for family members left at home. |
| Remittances are one part of a complex balance sheet that we need to understand much better in order to assess the impact of migration on development. |
| Developing countries and their Diasporas tell us – for example at a recent UNDP consultation on remittances in Santo Domingo – that more can be done to make remittances effective in improving living standards for families and communities at home. |
| Bulatlat - The Philippines's alternative weekly magazine (1497 words) |
| We must note that the annual remittances (US$8.5 billion or P467.5 billion) of migrant Filipinos is bigger that the combined value of the top five Philippine merchandise exports (semi-conductors, finished electricals, garments, crude coconut oil, and bars and rods of copper) in the same year. |
| These remittances that seemingly go straight to migrant FilipinosÂ’ families and dependents and not into government hands are what keep the economy afloat. |
| Remittances are spent by families and dependents primarily for food, clothing, utilities (electricity, water, communications), house rent, children schooling, hospitalization and other services. |
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