Global Forum on Migration and Development
Published on the Global Forum on Migration and Development Web Portal (https://www.gfmd.org)


Date Shared: 
Tuesday, September 11, 2018 - 09:47
Title: 

Beyond remittances: the case of El Salvador

Countries and areas: 
El Salvador
Partner(s): 
National Government of El Salvador
Thematic Area: 
Remittances
Tags: 
Migration, Trade and Investments, Remittances, Diaspora Investment and Entrepreneurship
Summary: 

The government of El Salvador, through the experience of linking migration with development seeks a productive, economic, social and cultural integration of migrants and their families; as well as the guarantee of their economic, social and cultural rights. 

Salvadorans living outside national borders are strategic development agents, transcending their view of mere remittance providers. They are now part of social, cultural, political and economic processes of the El Salvador, seeking to ensure their permanent participation in these issues through the generation of territorial processes that considers them, when building their development schemes.

The interest and demands from Salvadorans abroad lead to the creation of an interinstitutional investment team, in order to seek the expansion and strengthening of economic relations that may accelerate national development.  This platform lead to identify diaspora investment and nostalgic trade as the raison d'être.

More recently, the government of El Salvador is seeking to expand the investment funds portfolio to Salvadorans living outside our borders –particularly within the United States of America– as an alternative to savings and remittances within the deadline given by the Temporal Protection Status (TPS).

GFMD Source: 

GFMD 2018 - Roundtable 3.2 "Beyond remittances: leveraging the development impact and promoting the transnational engagement of diaspora and migrants" 


Source (retrieved on 07/06/2025 - 10:10): https://www.gfmd.org/pfp/ppd/10292