Remittances Crucial to Poor Nations
Washington Post Staff Writer
Tuesday, May 1, 2007; Page D01
The amount of money Latin American immigrants sent home from the United States grew at a slower rate during the first two months of the year than in the same period a year ago, according to the Inter-American Development Bank. The slowdown puzzled some experts who study such remittances, which contribute significantly to Latin American economies.
Remittances rose in the single digits in January and February after rising as much as 20 percent year-over-year since analysts began tracking the transfers at the beginning of the decade, the Inter-American Development Bank said yesterday. [Read more]
No comments:
Post a Comment