Section 10August 22, 1991, Sec./Art. 10

Contingency Measures. – To ensure the continuity of the grant of premium and incentives to the overseas workers in cases of unavailability of debt papers in the international secondary market and the discount rate of Philippine debt paper falling to such levels that may impair the viability of the OWI Fund in the short run:

(1) The OWI Fund shall set aside five (5) percentage points of the discounts of the debt papers purchased as a reserve/contingency fund;

(2) The Office of the President may authorize the OWI Fund to draw from its Contingent Fund to complement the OWI Fund's reserve/contingency fund; and

(3) Congress may set aside an additional contingency incentives fund to encourage workers to remit their foreign exchange through accredited channels.