Tag: Remittances
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Hunger Incidence Among Filipino Families Eases in Q4 2025, SWS Reports
Overview: A Marginal Improvement in Food Insecurity The latest quarterly update from the Social Weather Stations (SWS) shows a notable, though modest, improvement in the number of Filipino families experiencing involuntary hunger. In the three months leading up to December 2025, 20.1 percent of households reported at least one instance of involuntary hunger. This finding,…
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Ghana Unveils Stricter Rules for International Money Transfer Operators
Overview: A New Framework for IMTOs in Ghana In a move aimed at strengthening financial integrity and supervision, the Bank of Ghana has published comprehensive guidelines governing the registration and ongoing operations of International Money Transfer Operators (IMTOs). The new framework seeks to streamline how money moves into Ghana, bolstering transparency, consumer protection, and regulatory…
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Ghana Sets New Rules for International Money Transfer Operators (IMTOs)
Overview of the new IMTO guidelines The Bank of Ghana has unveiled comprehensive regulatory guidelines aimed at International Money Transfer Operators (IMTOs) operating within and into the country. The new framework seeks to formalize registration, strengthen compliance, and improve supervision of international money transfers flowing into Ghana. By establishing clear standards, the central bank intends…
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Fearing Deportation, Hondurans in the US Send More Cash Home Than Ever
Introduction: A pressing shift in remittance flows Across the United States, Honduran families are feeling the weight of immigration enforcement in 2024. As fear of deportation grows, more Hondurans are sending money back to their home country than at any time in recent memory. These remittances, a lifeline for many households in Honduras, are not…
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Fleeing Deportation, Hondurans in the U.S. Send Record Sums Home
Fear of Deportation Drives Unprecedented Remittances In communities across Honduras, families are feeling the squeeze differently this year. A rising tide of remittances from Hondurans living in the United States is pouring into local economies, even as the broader migration debate and tightening immigration policies loom large. For many migrants who live with the constant…
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Overseas Jobs Boost: Ethiopia Aims 800,000 Placements
Overview: A Bold Push for Overseas Employment In a major policy move, Ethiopia’s Ministry of Labor and Skills announced an ambitious goal to facilitate overseas employment for 800,000 Ethiopian citizens within the current fiscal year. The initiative, led by Labor and Skills Minister Muferihat Kamil, targets expanded opportunities in diverse sectors and regions, aiming to…
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Ethiopia Sets Ambitious Target to Secure 800,000 Overseas Jobs in 2025-26
Overview: A bold push for overseas employment Ethiopia’s Ministry of Labor and Skills has unveiled an ambitious plan to secure 800,000 overseas employment opportunities for Ethiopian citizens in the current fiscal year. The strategy, announced by Labor and Skills Minister Muferihat Kamil, aims to expand demand for Ethiopian workers abroad while strengthening regulatory safeguards for…
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Philippine Remittances Rise in October, Growth Slows
Overview: October remittances rise but at a slower pace Cash remittances from overseas Filipinos rose again in October, according to data released by the Bangko Sentral ng Pilipinas (BSP). The month marked a continuation of the upward trend that began earlier in the year, but the pace of growth cooled from the strong surge observed…
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Philippine Remittances Continue to Rise in October, but Growth Slows
October remittances rise, but pace softens Remittances from overseas Filipino workers (OFWs) rose again in October, though the pace of growth cooled compared with the previous month’s surge. The latest release from the Bangko Sentral ng Pilipinas (BSP) confirms a sustained inbound flow of cash from Filipinos working abroad, supporting household finances and domestic consumption…
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Philippine Remittances Rise in October But Growth Slows: What It Means
October Remittances Signal Continued Support from Overseas Filipinos Overseas Filipino workers (OFWs) and other remitters sent more money home in October, according to data from the Bangko Sentral ng Pilipinas (BSP). The monthly cash remittance figure rose for the latest month, but the pace of growth cooled compared with September’s peak. The development underscores the…