The Interamerican Development Bank wants to find a way to channel some of the billions of dollars sent home by Latin American and Caribbean immigrants into productive investments. Remittances are estimated to be greater than foreign aid and greater than interest paid on the Latin American foreign debt. Experts from the private and public sector, academia and multilateral financial institutions will meet 17-18 May at a conference in Washington, D.C. The participants will analyze the remittance phenomenon and examine ways to help reduce the costs of sending money home. Dominicans living abroad make up 10% of the total Dominican population.
