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Guatemala to boost remittances investments

Monday, August 19, 2013

The Guatemalan Immigrant Coalition has presented a plan to the country's government and banks to boost investments through remittances.

The project, called "3 for 1", proposes that for every dollar a Guatemalan immigrant sends towards a family business, the State and banks give $1 each with favourable interest rates.

"The funds will help towards projects aimed at boosting small businesses," said Coalition representative Marcos Yax.

Source (in Spanish): El Salvador