Remittances in times of Financial Instability

This document is an overview of remittance flows to Latin America and the Caribbean in 2008 and an analysis of current trends in remittance flows to the region, with a special focus on the impact of the financial crisis.

2008 Map of Remittances to Latin-America and the Caribbean

Worldwide remittances to LaTin America and the Caribbean (LAC) reached $69.2 billion in 2008, an increase of just under one percent over 2007.1 Despite a series of challenges confronting migrant workers and their families in 2008, remittance senders proved to be remarkably resilient.

IDB estimates of 2008 remittance flows to Latin America and the Caribbean

The Inter American Development Bank (IDB) projects that remittances to Latin America and the Caribbean will grow by 1.5% in 2008, reaching 67.5 billion dollars.

The Changing Pattern of Remittances

The phenomenal growth of remittances to Latin America in recent years slowed to single digits during 2007, raising the question of whether the change represents a bend in the road or a new direction for remittances to the region.

Changing Pattern of Remittances

The phenomenal growth of remittances to Latin America in recent years slowed to single digits during 2007, raising the question of whether the change represents a bend in the road or a new direction for remittances to the region.

2007 Map of Remittances to LAC

Remittances to Latin America and the Caribbean (LAC) reached $66.5 billion in 2007, an increase of 7% over 2006.

Survey of Remittances to Haiti

Haitians living abroad sent more than $1.65 billion to their homeland in 2006. These remittances sent by members of the

Microfinance in Latin America and the Caribbean – How large is the market

The purpose of this report is to offer an updated snapshot of access to financial services in Latin America and the Caribbean. The approach is two-fold.

UNLOCKING THE POTENTIAL OF REMITTANCES IN GUYANA:REMITTANCES MOBILIZATION THROUGH MICROFINANCE