Latin American Emigres Send More Money Home
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Central and South Americans working outside their countries will send $60 billion home this year, up 12% from 2005, the Inter-American Development Bank said.
The bulk of the money, an estimated $45 billion, is being sent by 12.6 million Latin Americans in the U.S., the organization said in a report based on surveys of immigrants in New York, Los Angeles and Miami.
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