Such a trend has not been observed since 2009, when the global economy shrank following the financial crisis that arose in October 2008. The crisis was triggered by the U.S. housing sector and seriously affected transfers to countries in Latin America and the Caribbean.
“Economic conditions of migrants in the region have improved modestly since the financial crisis of 2008-2009, but remains vulnerable in terms of income, savings, and debt,” said the regional bank who conducted this investigation in 2013 interviewing some 2,000 migrants living i
Money transfers have increased by 12%
Money transfers from migrant workers in the United States to their countries of origin have increased by 12%. According to a study by the Inter-American Development Bank (IDB), this increase occurred from migrants from eight countries in Latin America and the Caribbean which are: Haiti, the Dominican Republic, Colombia, El Salvador, Guatemala, Honduras, Jamaica, and Mexico.
Par Le Nouvelliste
10 avr. 2014 | Lecture : 2 min.