ECLAC Identifies 6 Lessons to Promote the Use of Family Remittances to Strengthen Value Chains

Although a large share of remittances received by households are used to cover immediate needs, such as food, health care and housing, there is an opportunity to allocate part of these resources to income-generating productive activities, according to a study carried out by the Economic Commission for Latin America and the Caribbean (ECLAC) and the International Fund for Agricultural Development (IFAD) with the governments of the Dominican Republic, El Salvador and Guatemala. The document entitled Fostering investment of the family remittances in value chains: Case studies in the Dominican Rep…