Haiti receives big help from its citizens abroad
Haitians living abroad propped up the economy of their impoverished Caribbean homeland by sending more than $1.65 billion in cash to relatives last year, according to a report from the Inter-American Development Bank.
That sum represented twice Haiti’s national budget and 30 per cent of its gross domestic product, said Jean Geneus, Haiti’s minister in charge of Haitians living abroad.
“Remittances are the most important economic factor in Haiti today,” said Donald Terry, the manager of the IDB’s Multilateral Investment Fund. (more…)
