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iciHaiti - Diaspora : Money transfer fees exorbitant, from Canada and DR to Haiti
24/11/2015 08:43:10
In its annual report "Migration and Development Brief" the World Bank (WB) indicates that remittances from the Haitian diaspora to their country of origin should increase by more than 2% in 2015 to reach 1,997 billion US dollars (21% of GDP of Haiti), after having reached 1.954 billion dollars in 2014.
Concerning the total average cost to send money, it remained broadly 8% (Q4 2014). However, the report emphasizes that in many corridors of remittances, transfer fees continue to be very high, citing as examples the cost of sending money Canada-Haiti and the Dominican Republic-Haiti that exceeds 12 %, ranking among the highest fees in the world.
IH/ iciHaiti
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