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Haiti: US remittances keep the homeland afloat
[IRINNews: 2010-03-12]

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NEW YORK, 11 March 2010 (IRIN) - Haiti"s economy depends on the estimated US$1.5 billion a year in remittances sent home by its million-strong diaspora. Dilip Ratha, lead economist at the World Bank, said the figure could be even higher, accounting for perhaps half the national income. The money is funnelled into the country via banks, transfer agencies or informal "mailmen" (facteurs), who make deliveries for friends and family, sometimes for pa. . .

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