Remittance from Spain increase

[NewsWhore]

Dominicans in Spain are sending back more than EUR200 million per year in remittances according to the "Analysis of Migratory Realities in Spain and DR: An opportunity for co-development" report. Although the level of remittances from Spain is still high, the study found that these have dropped by 6% in the last few years. This is partly due to an increased tendency for Dominican emigres to invest in Spain and could reflect a generational and assimilation factor. The report was produced by Isis Duarte, Julia Hasbun, Beneco Enecia, Pedro Alvarez Pastor and Rosario Novalbos Gomez with the support of Codespa, el Voluntariado para la Integracion de Colectivos Internacionales de Trabajadoras and the Spanish Development Cooperation Agency. The report lists some of the negative aspects of remittances and explains that increased dependence on remittances makes it easier for family members in the home country to turn down jobs, knowing that they have a stable income. According to Diario Libre, remittances have no long-term effect on the economy and only represent a way for families to survive on a day-to-day basis. The study found that women send back more money than men and that 77% of Dominican immigrants have a stable job, although mostly in low status occupations. According to the report, 37% of Dominicans earn between EUR600 and EUR900 per month.

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