Showing posts with label Remittances crisis. Show all posts
Showing posts with label Remittances crisis. Show all posts

Saturday, 26 April 2008

Spanish economic slowdown hits remittances

By Mark Mulligan

Published: April 26 2008 04:48 | Last updated: April 26 2008 04:48

Of a combined monthly income of €1,400 ($2,200, £1,100), Rosa Dominguez and her partner send €200 a month to their two daughters in Bolivia, where they live with their grandmother.

The remittance, which has hardly varied since the couple arrived in Madrid two years ago, allows the girls, who are eight and 10, to eat well and treat themselves to the occasional new dress.


The girls, however, would be the first to suffer if one of their parents joined the swelling ranks of unemployed immigrants in Spain. “Obviously, we’d have to send less money,” says Rosa, who earns €400 a month as a part-time nanny. [Read more]

Immigrants Sending Food Home

By SARAH GARLAND
Staff Reporter of the Sun
April 25, 2008

A world food supply crisis is leading some African immigrants in the city to send packages of food to family members back home facing rising food prices and empty shelves at the market.

Immigrants from Mali and Senegal in particular have found boxes of rice, sugar, and tomato paste are more appreciated than cash among relatives in their home countries, where the weak dollar now buys less and shortages have drive. [Read more]