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18 March 2015
The volume of remittance inflows in the Philippines continues to grow. In 2014, remittances channeled through the banking system reached US$24.3 billion, or 8.5% of the country's gross domestic product. The Bangko Sentral ng Pilipinas (BSP) sees this is an opportunity for inclusive growth. It has…
18 March 2015
There is a need to deepen our understanding of remittances and the role it plays in household finances. The Japan International Cooperation Agency (JICA) initiated a study that would determine the effects of remittances on household finances in two rural study sites in the Philippines and…