Tag: remittances

• Tuesday, December 6th 2022 - 08:30 UTC

  Remittances to Latin America and the Caribbean in 2022 grew 9,3% and reached US$ 142 billion, WB report

  

  Remittances to low- and middle-income countries (LMICs) in 2022 grew an estimated 5% to US$626 billion, according to the latest World Bank Migration and Development Brief.

• Thursday, May 14th 2020 - 08:50 UTC

  Fewer remittances because of Covid-19 will hit hard Central and Latin America

  

  Remittances—the money that immigrants working abroad send home to families on a regular basis—have become a major source of funding for developing countries. In 2019, total global remittances exceeded US$550 billion, putting them on a par with levels achieved by foreign direct investment.

• Wednesday, May 13th 2015 - 08:14 UTC

  Remittances to Latin America and Caribbean beat the 2008 pre-crisis record

  

  Remittances to Latin America and the Caribbean set a new record high in 2014 with 65bn dollars basically supported by the recovery of the economy and labor market in the United States, according to the latest release from the Inter American Development Bank.