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El Salvador likely to fall short of remittances goal

Thursday, October 24, 2013

This year's remittances to El Salvador are likely to fall short of estimates, according to the country's central bank.

The bank's president, Marta Evelyn de Rivera, said this year remittances are expected to grow between 1.5 and 2 percent, down from the bank's initial estimates of 3.5 percent.

Up to September this year, El Salvador has received remittances worth $2.9 billion, a 1.3 percent growth compared to the same period last year.

Source (in Spanish): La Prensa Gráfica