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Remittances: More than just money

first_imgDear Editor,The Caribbean is all of a region of origin, transit, and destination of extra-regional and intra-regional migration flows, and experiences considerable cases of return migration. Migration has constantly shaped the history of this region.It is important to stress the heterogeneity of the region, which is reflected on a composition of both large and small islands as well as mainland countries located in South America (Suriname and Guyana) and Central America (Belize). Due to its enormous geographic, historic, cultural, demographic and socioeconomic diversity, the Caribbean is a challenging region to study when focusing on migration and remittances.The Caribbean countries are primarily receiving countries of remittances. The Dominican Republic receives most remittances by far: US$4.65 billion in total in 2014; then Jamaica received US$2.26 billion, followed by Haiti with US$ 1.9 billion. The United States is the main source of remittances; while, in Europe, Spain (23%) and Italy (21%) are the main European sources of remittances heading to Latin America and the Caribbean (World Bank study Brief 24, 2015). In the Caribbean region, this is mostly destined for the Dominican Republic.For instance, in Haiti, the Caribbean country most dependent on remittances, the World Bank concluded in 2014 that 21.1% of Haiti’s GDP was derived from remittances. Estimates suggest that the total number of Haitians in that diaspora varied from 1.5 million to 4 million, and research conducted by the ACP Observatory on Migration showed that Haitian families depending on remittances can easily fall into poverty when these flows are interrupted.As for Jamaica, the country has been dependent on emigrant labour and remains an emigration country; in 2013, having an official diaspora population of 1.098 million people. According to the World Bank’s data from 2014, Jamaica received about US$2.264 billion in remittances, mostly sent from the United States, United Kingdom and Canada. This represents 15% of Jamaica’s GDP, making Jamaica one of the most highly dependent countries on remittances.Similarly, in Guyana, remittances are significant: a total of 314 million USD in 2014 constituted 11% of Guyana’s GDP. 87% is sent from the U.S. and Canada, and the rest is sent from the UK and other Caribbean nations such as Suriname.According to a study by the Economic Commission for Latin America and the Caribbean (ECLAC), “Migration and Development: the case of Latin America”, there are different incentives for sending of remittances, such as altruism, solidarity, self-interest (savings), payment of debts, and the diversification of household income and security. Some other researches carried out in Central American and Caribbean countries have shown that 72% of remittances are used to cover daily costs, savings 7%, education 6%, and the acquisition of housing 1.8%.Monetary remittances have a direct impact on the socioeconomic and employment structure of the Caribbean region. In fact, on a macroeconomic level, they can generate dependency for the Caribbean families, and can probably, and only partially, compensate for the “brain-drain” caused by massive emigration of skilled professionals.For this reason, it is crucial for this region to develop policies aiming at potentiating the positive impact that remittances can have on development.Gustavo Seguralast_img read more

DRUNK LETTERKENNY RESTAURATEUR DROVE CAR TO GARDA STATION

first_imgA restaurant owner drove into the car park of Letterkenny Garda station while drunk.Letterkenny Garda station.David Tullio, a father of two, was observed by Gardai pulling into the station at 6.19am on May 1st last year. Garda told a special sitting of Letterkenny District Court that Tullio, who owns the well-known La Fantasia restaurant, called into the public office of the Garda station.His speech was slurred and there was a strong smell of intoxicating liquor form him.Tullio, of 9 Thornberry, Letterkenny, was arrested and a breath test showed he had a reading of 70 milograms of breath per 100 milograms of alcohol.Solicitor for Tullio, Donagh Cleary asked Gardai if there was CCTV footage of the car park or the entrance to the Garda station.Garda witnesses said there was but it was not working at the time.Mr Cleary asked if Gardai had actually witnessed David Tullio getting out of the car and coming into the Garda station.He said that Gardai’s view of the car park may have been obscured because of venetian blinds within the Garda station.However, Judge Denis McLoughlin said he accepted the evidence and found Tullio guilty of drink driving.He find him €500 and disqualified him from driving for three years.DRUNK LETTERKENNY RESTAURATEUR DROVE CAR TO GARDA STATION was last modified: May 7th, 2014 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:arrestDavid Tulliodonegaldrunk drivingletterkennyLetterkenny Garda stationlast_img read more