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Migrants still sending vast sums back to Latin America
Latin American and Caribbean migrants sent relatives back home a record $66 billion last year, but the remittances grew by the lowest rate ever, with Mexico and Brazil showing significant slowdowns, a study released Tuesday shows. Remittances, which now are considered a crucial part of many Latin American and Caribbean economies, rose 7 percent in 2007, the first year that the growth rate has been in single digits. ...Posted by: ed 2008-03-11 |
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