El Salvador: Family
Remittances Grow
El Salvador received
$2.4 billion worth in
family remittances on
the first seven months
of 2007, a figure the
Central Reserves Bank
calls a record.
Remittances grew 7.7
percent compared to $1.8
billion on the same
period, for a yearly
total of nearly $3.4
billion and are expected
to exceed this year $3.7
billion.
Sigfrido Reyes, leader
of opposition party
Farabundo Marti National
Liberation Front,
assured that remittances
do not expand the GDP,
create jobs or boost
production.
On the contrary,
unemployment and
hardships soar and push
a daily average of 400
Salvadorans to emigrate
amidst which they may
suffer violations,
including disappearance
and mutilations, or
death.
Claudia Hernandez, from
the Central American
University said poor
Salvadoran emigrants in
search for better
opportunities are the
ones helping their
country fellowmen ease
their poverty.
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