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Remittance flows
Remittances jump by 17.6pc in July-Feb PDF Print E-mail
Thursday, 11 March 2010 10:10

Source:Dawn.com
By Elahe Izadi

Pakistan received 17.6 per cent higher remittances during the first eight months of the current fiscal year compared to the same period last year.

The latest figures of remittances issued by the State Bank on Wednesday showed that despite higher average remittances during the eight months, the decline was also visible on month-to-month comparison.

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Remittances jump by 17.6pc in July-Feb PDF Print E-mail
Thursday, 11 March 2010 10:03
Source: Down.com
By Shahid Iqbal
KARACHI: Pakistan received 17.6 per cent higher remittances during the first eight months of the current fiscal year compared to the same period last year.

The latest figures of remittances issued by the State Bank on Wednesday showed that despite higher average remittances during the eight months, the decline was also visible on month-to-month comparison.
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Salvadoran communities feel sting of recession's deep cuts PDF Print E-mail
Thursday, 11 March 2010 09:59
Source: Gazette.Net
By Elahe Izadi

In this small eastern Salvadoran town, new luxury homes tower over the one-story brick, cement and wooden structures that once predominated. On one block, a three-story mansion with a hot tub sits next door to a humble brick home with an outhouse.

Many of the homes were built with money sent by former townspeople who immigrated to the United States, people who settled mostly in Montgomery and Prince George's counties, Washington, D.C., and Northern Virginia.

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Ecuador: Remittances Fall PDF Print E-mail
Wednesday, 10 March 2010 11:23

Source: Poder 360

Banco Central reported that remittances from Ecuadoran migrants sent back to the country shrank 11.6% in 2009

According to a report by Banco Central, remittances Ecuadorans send their families in the country totalled $2,495 million in 2009, compared with $2,822 million in 2008, representing an 11.6% decrease. The central bank specified that "it's the first time that remittances shrank in relation to a previous year since we've begun analyzing their flow in 2000. Up till 2009, the average annual growth was 17%, although it began slowing in 2006, dropping considerably beginning in 2008 when the world economic crisis affected the employment levels and the incomes of migrants in countries such as the U.S., Spain and Japan."

 
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