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Even in hard times, fighting climate change is not a luxury but a necessity, U.N. Secretary-General Ban Ki-moon said as climate negotiators bickered about how to raise hundreds of billions of dollars to adapt to a warming world.
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                    [Title] => EDITORIAL - Bearing the brunt
                    [Summary] => Environmentalists can only be delighted by the sight of giant modern windmills along the coasts of northern Luzon, generating clean energy for the Ilocos Region.
                    [DatePublished] => 2006-11-13 00:00:00
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                    [Title] => OFW remittances now more important than private loans — World Bank report
                    [Summary] => Overseas Filipino workers (OFWs) have become a very important source of finance for the Philippines, even more important than private lending. 


According to a World Bank report, remittances are a more stable source of external finance than debt as the former tend to be counter-cyclical, thus serving as buffer from other financial shocks since economic downturns encourage additional workers to go abroad. Likewise, those already abroad could increase the amount of money they send to families left behind, the report noted.


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NICHOLAS STERN

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                    [Title] => OFW remittances now more important than private loans — World Bank report
                    [Summary] => Overseas Filipino workers (OFWs) have become a very important source of finance for the Philippines, even more important than private lending. 


According to a World Bank report, remittances are a more stable source of external finance than debt as the former tend to be counter-cyclical, thus serving as buffer from other financial shocks since economic downturns encourage additional workers to go abroad. Likewise, those already abroad could increase the amount of money they send to families left behind, the report noted.


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abtest

Raising $100 billion for climate fund in dispute

December 8, 2011 - 8:35am

Even in hard times, fighting climate change is not a luxury but a necessity, U.N. Secretary-General Ban Ki-moon said as climate negotiators bickered about how to raise hundreds of billions of dollars to adapt to...

EDITORIAL - Bearing the brunt

November 13, 2006 - 12:00am

Environmentalists can only be delighted by the sight of giant modern windmills along the coasts of northern Luzon, generating clean energy for the Ilocos Region.

Opinion

OFW remittances now more important than private loans — World Bank report

By Ted P. Torres | April 9, 2003 - 12:00am

Overseas Filipino workers (OFWs) have become a very important source of finance for the Philippines, even more important than private lending. According to a World Bank report, remittances are a more stable source...

Business