US remittance flow

| Tuesday, August 4, 2009
World Bank:

Remittance flows to Latin America have been falling in large part because of a slowdown in the US construction sector. The new forecasts show a -6.9 percent decline in remittances for the Latin America and Caribbean region. Sub-Saharan Africa is also likely to experience a -8.3 percent slowdown in its remittance flows.
By contrast, flows to Asia have remained "strong."

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