Mexican Remittances Drop, Says IDB

Fewer Mexican emigrants are sending money back from the US, according to the IDB’s Multilateral Investment Fund (MIF). “The percentage of Mexicans who regularly make remittances fell to 64% in the first half of 2007, down from 71% last year,” says the MIF. The drop was the steepest in states where Latin American immigration is most recent, at 56% this year from an average 80% in 2006. The survey was conducted in June.