DOMINICAN REPUBLIC: Dominican diaspora chief proposes fund from remittances

Santo Domingo.- National Council for Dominican Communities Abroad (CONDEX) executive vice president Alejandro Santos proposed the creation of a obligatory reserve in the Central Bank, from the amount of reserve transfers, to fund productive projects of the micro company.

Santos, who takes part in the National Unity Summit’s economy table, said remittances are important for economic and social development, since one tenth of the Dominican population abroad sends money to their relatives. Read more