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Remittances are not the only solution: UN

Monday, September 1, 2014


Remittances that Latin Americans send back to their countries should not be seen as the only solution to their home countries' economic problems, said Jessica Faieta, director of the United Nations Development Program. UNDP.

Faieta said remittances depend on the variations in the economy of the countries where immigrants live and work.

In some Central American countries, remittances are the main source of earnings, and account for large parts of their gross domestic products, such as Honduras, with 25 percent and El Salvador with 16 percent.

Full story (in Spanish)