New report says remittances flows to the Caribbean remain stable

WASHINGTON, CMC – A new report released here says remittances to Latin America and the Caribbean (LAC) showed a slight increase in 2012 compared to the previous year.
The report, titled “Remittances to Latin America and the Caribbean in 2012: Differing Behavior among Sub-regions,” was released by the Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank (IDB). It said the region received a total of US$61.3 billion in remittances last year.
This amount represents a year-on-year increase of US$300 million, or 0.6 per cent increase from 2011.