TY  - GEN
AU  - Inter-American Development Bank
TI  - Remittances 2008: Remittances in Times of Financial Instability
PY  - 2011
Y1  - 2011/02/11
DO  - 10.18235/0005934
AB  - This paper presents the reality of remittances in Latin America and the Caribbean, to be influenced by four points in the first quarter of 2008, such as:: the economic slowdown in the United States, sharp spikes in food and fuel prices, a harsher climate against immigration, and a weakening U.S. dollar. The IDB  advises governments in the region on how to cushion the impact of the financial crisis on families receiving remittances. In addition, working with public and private sectors to create conditions conducive to remittance flows have a greater development impact. The economic crisis has affected migrant workers, but has not changed its decision to seek better opportunities outside their country of origin, or their commitment to send money home. When global economic conditions improve, it will resume migration and remittances.
UR  - https://doi.org/10.18235/0005934
ER  -