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Remittances to Guatemala on
Upswing
Money sent by Guatemalans abroad
increased in the first half of
2006 by 21 percent compared to
last year, according to the Bank
of Guatemala.
The nation received 1.75 billion
dollars between January and
June, more than the 1.447
million in the same span in
2005, the bank informed.
Economic and Social Research
Association analyst David
Cristiani asserted that
remittances are likely to climb
to 4 billion dollars if the
trend continues.
Remittances account for 10
percent of the GDP in Guatemala,
benefiting 3,700,000 people.
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