IDB Sees Remittances From Spain To Latam At EUR5 Billion By 2010

Wed, Jun 6 2007, 11:03 GMThttp://www.djnewswires.com/eu
IDB Sees Remittances From Spain To Latam At EUR5 Billion By 2010 MADRID -(Dow Jones)- Remittances that Latin American workers in Spain send back home are expected to rise to EUR5 billion by 2010 from EUR3.7 billion last year, a survey by the Interamerican Development Bank showed Wednesday. Latin American immigration to Spain has almost tripled in the past five years. The 1.8 million Latin Americans working in Spain now represent 7% of the country's total workforce, the IDB said. The IDB survey, conducted by the Florida-based Bendixen & Associates consultancy, found that Latin American workers have wider and cheaper access to financial and remittance services in Spain than in the U.S. [Read more]