Migrant remittances from the United States to Latin America to reach $45 billion in 2006, says IDB
IDB, October 18, 2006
Latin American migrants working in the United States will send around $45 billion to their homelands this year, up from some $30 billion in 2004, according to a report released today by the Inter-American Development Bank.
The report, which covers 48 states and the District of Columbia, is based on a survey commissioned by the IDB’s Multilateral Investment Fund and conducted among 2,511 adults born in Latin America and working in the United States.
The money sent by migrants from the United States to Latin America represents about three quarters of the $60 billion this region will receive in remittances in 2006. Other major sources are Europe and Japan.
>> View Article | created on: 10/20/2006
