Reliance on remittances

Reliance on remittances

Dominican Republic

Forty-one Dominicans have been reported killed or missing in September's terrorist attacks on the World Trade Center. But the uncertainty goes on for millions more. In common with many small Latin American and Caribbean economies, the Dominican Republic depends hugely on remittances: income earned by emigrants and sent back to the country. Last year these flows totalled around $1.7 billion, and about 80% is estimated to come from the US - meaning that the impact of the expected layoffs as

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