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World Bank ranks Philippines as 4th in remittances worldwide!

Posted on 5:46 PM No Comments
Labels: OFW, Remittance Ranking, The World Bank

April 11, 2009

The Philippines placed 4th in Worldbank’s world’s top recipients of remittances list, thanks to the $16.43 billion that overseas Filipino workers (OFWs) sent home in 2008.

Rounding up the top 10 are:

India ($45 billion),
China ($34 billion),
Mexico ($26 billion),
Philippines ($16.43 billion)
Poland ($11 billion),
Nigeria ($10 billion),
Egypt ($9.5 billion),
Romania ($9 billion),
Bangladesh ($9 million),
Pakistan ($7 billion).

The pace of remittance growth is an indicator of consumer spending, the fate of the country’s currency, and other hints of upcoming economic data.

The Word Bank "International Essay Writting Competition 2009!

Posted on 10:49 AM No Comments
Labels: Climate Chage, Essay Writing Contest, The World Bank

If you have a talent in essay writing, this contest is for you!

Get a chance to win $1,000.00 up to $3,000.00 and other prizes!

The Essay Competition 2009 invites youth to share ideas on:

How does climate change affect you?
How can you tackle climate change through youth-led solutions?

World Bank’s essay competition is open to young people aged 13-25. The theme for the essay competition is climate change. Deadline for submission is February 22, 2009. Check out their website for more information. Read more On "The Word Bank "International Essay Writting Competition 2009!"!