...the Bank of Jamaica embarked on an island wide survey of remittance recipients. This survey is particularly important in the context of the recent global economic and financial crisis, which had an adverse impact on flows to Jamaica.

The results of this survey and the accompanying analysis have shed some light on the main characteristics of the Jamaican remittance market. It also provides information on the impact that the global economic and financial crisis had on Jamaica’s remittance senders and their ability to send remittances. These findings can also be utilized by remittance companies, as it provides information, which could assist them in improving their business and by extension an increase in remittances to Jamaica.