Single-Digit Growth Seen for Remittances

The IDB says remittances to LatAm and the Caribbean are showing signs of stabilizing and could register a single-digit increase this year, following a 15% drop suffered in 2009. Last year, LatAm and the Caribbean received some $58.8bn in remittances, marking the first annual decline since the IDB’s Multilateral Investment Fund started to track such flows in 2000, the bank says.