Remittances to the Dominican Republic increased by 1.1% YoY in March, a slowdown from the 9.4% growth in February. In Q1 2024, remittances grew by 6.2% YoY, bolstered by robust US service sector performance, where many Dominican immigrants are employed. The central bank anticipates remittances to rise 5.5% YoY to USD 10.4 bln in 2024.