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IFAD in El Salvador: voices from the field

© IFAD 		Remittances: spreading the benefits in El Salvador

For generations, poor people around the world have left their homes to seek better wages abroad. Today, the money they send home totals an estimated US$200 billion a year. In Latin America, remittances are worth more than direct foreign investment, official development assistance and foreign aid combined. They have a huge potential to reduce rural poverty. With this in mind, IFAD is exploring ways to lower the transaction costs of sending money home and is working with governments to make sure the money is used productively.

Source: IFAD
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Statistics
Projects: 9

Total cost:
US$279.2 million

Approved IFAD loan:
US$125.5 million

Directly benefiting:
138,200 households
Contact Information

Enrique Murguia
Gerente de operaciones
Via Paolo di Dono,44
Rome, Italy
Work: +39 0654592341
Fax: +39 0654593341
e.murguia@ifad.org