Articles

Diaspora remittances as Haiti's only lifeline

By Redacción SurEconomics ·

Diaspora remittances as Haiti's only lifeline

Money transfers of $3.8 billion sent by the Haitian diaspora amount to 38% of gross domestic product and constitute the real lifeline for the population, which has been left behind by the international community.

High fees charged by private money transfer agencies reduce the positive impact of these community remittances on recipient households.

Lowering the fees on cross-border financial transfers is a matter of justice in support of Haitian families.