Nov 14, 2011

Immigration Reality: Remittances are back on the rise to Latin America, Caribbean "A report by the Bank of México in early August indicated that money transfers during the first six months of this year had increased 5 percent compared to the same period last year. Likewise, a report by the Inter-American Development Bank (IDB) issued in March indicated that money transfers to the region from the United States, which had plunged dramatically in 2009, began to stabilize in 2010.

The report, titled “Stabilization After the Crisis,” indicates that the amount of transfers to Latin America and the Caribbean in 2010 was $58.9 billion compared to $58.8 billion in transfers in 2009. But the 2009 number was dramatically lower than the total transfers in 2008, which reached a record $69.2 billion. Transfers to Mexico from the United States constitute the highest volume in the region: $21.2 billion in 2010. " read more

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