DOMINICAN REPUBLIC: Thirty Eight Percent of Dominican Households Receive Remittances

This figure appeared in a survey done in the Dominican Republic in August 2008 by Manuel Orozco, of Inter-American Dialogue, who recently spoke at a FUNGLODE Conference

“The economic situation in the world has created a number of question marks about its impact on immigration and sending of money as well as fears about the future of exports and foreign investment,” said Orozco.

Thirty eight percent of Dominican households receive remittances that amount to over $3 billion US dollars. The majority of the recipients informally save an average of $1,400 dollars. Both of these pieces of data form part of a study presented by Manuel Orozco, Director of the Program for Remittances and Development of the Inter-American Dialogue, during the conference titled “The Tendencies of Family Remittances and the Significance for the Dominican Republic in the Face of Changes in the World Economy,” held on Friday in the Fundación Global Democracia y Desarrollo (FUNGLODE) auditorium.
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