REMITTANCE FOR DEVELOPMENT COUNCIL (ReDC)
The Remittance for Development Council (ReDC) is an offshoot of the OF-ReD Project which the CFO is currently undertaking in partnership with the NEDA, through the support of the UNDP and WUF.
ReDC is both an advisory and policy recommending body and a venue for regular dialogues and feedback on issues regarding remittances like lower remittance costs; easier, greater and faster access to remittance channels; and more innovative and non-traditional remittance conduits. It is composed of partners from the government, the private sector (banks and remittance agents), civil society and the academe. Government regulatory agencies such as the Bangko Sentral ng Pilipinas (BSP) and international organizations such as the UNDP serve as ReDC’s development partners.