Friday, 26 October 2007

Dominican Republic: Remittances for development

Inter Press Service. Oct 25, 2007

Most money sent from abroad is used to purchase food.
Civil society organizations suggest that a plan be designed so that the money sent home by Dominicans abroad, known as remittances, will be used to foment development instead of simply going towards daily expenses.

The idea is “to deepen public reflection and debate to optimise the impact of remittances on the development of the national economy,” says a document by the Asociación Tú, Mujer, or “You, Woman” Association, in English, which is carrying out the Proyecto Remesas y Codesarrollo (Remittances and Co-development Project) under the sponsorship of international organizations.Legislators, ministers, the representative of the United Nations Population Fund (UNFPA) and delegates of civil society groups met Tuesday in a conference organized by the Association.

“We have to find mechanisms so that remittances are used more efficiently towards social development, and in the fight against poverty,” said Carmen Julia Gómez, the Association’s director of research and the head of the Remittances and Co-development Project. [Read more]

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