Wednesday, 25 March 2009

Remittances to Latin American Falling

workers are able to send back to their South American home countries is falling.

WASHINGTON – The sending of remittances to Latin America this year will fall for the first time since the Inter-American Development Bank began measuring the money flows in 2000, the IDB said on Monday.

The IDB reported on Monday that remittances to the region reached $69.2 billion in 2008, an increase of less than 1 percent from 2007. Read more

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