RemittancesGateway.org

IDB releases data on 2008 remittances to Latin America and analysis of financial crisis impact

Tuesday, 17 March 2009 06:12

On Monday, March 16th The Multilateral Investment Fund (MIF) of the Inter-American Development Bank (IDB) released its annual map of remittances to Latin-America and the Caribbean. In 2008, remittances rose 0.9% to $69.2 billion, a record high for remittances to the region. With economies under pressure in remittance sending countries, the financial crisis is having a major impact on migrant workers and their family members abroad, as a result remittances will drop for the first time in 2009.

The document will address the effects of the crisis on remittance flows to date and the challenges that lie ahead. Click on the cover to see the press release, press conference video and documents.

2008 Map of Remittances to Latin-America and the Caribbean

Remittances in times of Financial Instability