CentAm Remittances Rising

The flattening of remittances flows to Mexico contrasts with the continued growth of money transfers to Central American countries, according to the IDB. Remittances to El Salvador, Guatemala and Honduras rose by an average of 11% during the first half of 2007, year-on-year. Mexican and CentAm migrants have similar demographics in terms of age, incomes and length of residence in the US. Most of them work in industries like construction, hotels, restaurants, food processing and agriculture.