Remittances to Latin America and the Caribbean in 2010: Stabilization after the Crisis

Date
Mar 2011
This paper deals with remittance trends in Latin America and the Caribbean, including statistics and indicators. In 2010, remittance flows to Latin America and the Caribbean marked the end of the downward trend brought on by the 2008-2009 global financial and economic crisis. The overall regional volume of remittances sent home reached levels similar to the previous year with a slight increase of 0.2%. However, higher inflation rates and stronger local currencies in many countries resulted in an -8.7% drop in the value of these remittances, once received.