MIF: Remittance Flows Up in Central America and Caribbean, Down in Mexico and South America

Share Article

Study outlines 2013 trends, continued importance of flows for the Region

News Image
Remittance flows to Latin America and the Caribbean remain an important source of income for millions of poor and vulnerable families, said MIF General Manager Nancy Lee

In 2013, remittances to Central America and the Caribbean increased over the previous year while remittance flows to South America and Mexico declined, resulting in flat growth for the region as a whole, according to a new report from the Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank (IDB) Group.

The report, “Remittances to Latin America and the Caribbean in 2013: Still Below Pre-Crisis Levels,” indicates that last year the region received a total of $61.3 billion sent by migrants to their countries of origin.

"Remittance flows to Latin America and the Caribbean remain an important source of income for millions of poor and vulnerable families," said MIF General Manager Nancy Lee. "Remittance recipients need more access to financial tools that will help them use remittances to save and make investments for their future in areas like education, housing, and starting and growing businesses."

More Information
Remittances 2013

Share article on social media or email:

View article via:

Pdf Print

Contact Author

John Ferriter
Visit website