March, 29 - 9:09 AMRemittances contribute more than international financiers I.D.B., W.B. and IMF
Santo Domingo.- Remittances from Dominicans residing abroad during the past 11 years constitute a contribution ten-fold greater than disbursements received from international financing entities during the same time span, according to the Finance minister.
Vicente Bengoa said that “this is an economic assistance of offspring that seek brighter horizons abroad and never neglect their own.”
He added that the poor that emigrate mainly on yola-boats, risking their lives, have contributed in currencies to the country almost 10 times more since 1995 to date, than resources that have come to the country by way of disbursements made by the Inter-American Development Bank (IDB), the World Bank and the International Monetary Fund.
Bengoa stated that remittances to the country totaled US$17,800 million, while financial assistance from multilateral entities hardly summed US$2,100 million.
“And yet more important is the fact that these remittances are a dollar injection without interest charges and without conditioning stipulations for the country,” he affirmed.
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