Dominicans lead remittances

[NewsWhore]

Finance Minister Vincent Bengoa, speaking at the Biarritz Forum in Paris, France, announced yesterday that in the last 10 years the value of remittances from Dominicans living abroad has been eight times higher than the total funds the country has received from the Inter-American Development Bank (IDB), the International Monetary Fund (IMF) and the World Bank (WB). Between 1995 and 2005 the country received US$2,170,300 billion from the international financiers while at the same time receiving US$17,799,900 from Dominicans abroad. This total also exceeds the US$7,000 billion in exports. Bengoa made these comments during a speech titled, "Immigration and the flow of remittances." He also stated that remittances accounted for 31% of imports during that same 10-year period.

More... (http://www.dr1.com/index.html#4)