Labor secretary Rosalinda Demapilis Baldoz said during the press statement that the Philippines and the United Arab Emirates were negotiating terms on the UAE program wage protection scheme to offer low cost loans to overseas Filipino workers before departure from the Philippines. The said agreement will jointly be implemented with the Philippine banks to guarantee payment of loans.
According to the UAE minister of Labor H.E. Sarq Ghobash, That UAE will issue low-cost family loans to OFWs' and the amount of loan will be equivalent to a 2 month salary.
This project is yet to discuss at the technical level. UAE is on its continuing efforts to protect migrant workers and the country is still planning to do contract validation program using electronic system of registering migrant workers thus preventing contract substitution. The implementation of the contract validation program will be in july.
information taken from http://www.abs-cbnnews.com