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Throughout Latin America, emigrants’ remittances to their families are improving after a disastrous year in 2009

Monday, November 14, 2011

Recent reports by the Inter-American Development Bank, Mexico’s central bank and other Central American financial institutions point to an improvement in the region’s money-transfer industry.

A report by the Inter-American Bank indicated that money transfers to the region from the United States, which had plunged dramatically in 2009, began to stabilize in 2010.

After a rough 2009, countries in the region have registered higher transfers during the first half of 2011. In Guatemala, money transfers sent by immigrants, mostly from the United States, reached $2.5 billion in the first seven months of 2011, or 6.5 percent more than during the same period in 2010.

Original source: Miami Herald