Wednesday 15 September 2010

HAITI: After rough 2009, remittances on rise

BY MIMI WHITEFIELD AND NADEGE CHARLES

MWHITEFIELD@MIAMIHERALD.COM

After the Jan 12 earthquake in Haiti, Pierre Lopez doubled the amount he sends to his family in remittances.

Lopez, 49, a part-time hotel cleaner who lost his wife and 19-year-old daughter in the catastrophe, scrapes by on $400 every two weeks. He used to send $150 to his parents monthly. Now it's $300.

Fueled by a desire to help relatives, remittances to Haiti are expected to increase this year.
But recently these money flows have gone through a rough patch. Remittances to Latin American and Caribbean nations sank 12 percent as the U.S. and global economies hit the skids last year.


Read more:

No comments:

Post a Comment