Salvadoran Government Will Compensate Remittances Decline
Through programs and measures included in the Global Anti-Crisis Plan, the government intends to compensate the 11% drop in remittances.
Wednesday, August 19, 2009
This was explained by Alexander Segovia, the Presidency's Technical Secretary, who also announced proposals geared towards small entrepreneurs and producers.
In the first half of the year, $1.7 billion were sent to the country by Salvadorans abroad, 10.3% less than the same period of 2008.
The total remittances during October was $304.3 million or $400,000 less than the previous month.
Proposals from Fosdeh (Social Forum on Foreign Debt and Development in Honduras) to the Honduran Congress.
Fourth quarter of 2008 registers first decline in nearly a decade. Flows of money sent home by migrants hit by economic slowdown, exchange rate swings
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