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Expert blogs
Despite earthquake, Haitian microfinance continues to serve rural poor
Wednesday, 20 January 2010 13:56
Over the past week it has been impossible to ignore the scenes of utter desperation coming out of Haiti. After being ravaged by four storms in 2008, last week’s earthquake once again devastated one of the world’s poorest nations, effectively resetting the clock on its development. Despite this, however, the stepping-stones of the rebuilding process are being laid.
Read more: Despite earthquake, Haitian microfinance continues to serve rural poor
Remittances to Jamaica grow for first time in Nov.
Thursday, 14 January 2010 11:37
Source: International Fund for Agricultural Development (IFAD)
By: Robert W. Meins
The Bank of Jamaica released new figures this week, showing that remittances to Jamaica grew for this first time in 2009 during the month of November. Over the course of the year remittance flows have been recovering from the February low of $132 million (the lowest level since January of 2006).
Read more: Remittances to Jamaica grow for first time in Nov.
Mexican remittances drop 36%, IFAD analysis
Thursday, 03 December 2009 13:50
Remittances to rural Ecuador hit hard by financial crisis
Tuesday, 18 August 2009 07:37
Source: IFAD social reporting blog
By: Robert W. Meins
The financial crisis has made it increasingly difficult for migrant workers living abroad to send money home. With some notable exceptions, especially in Asia, it is clear that families dependent on remittances from the United States, Europe and Russia are receiving significantly less than in previous years. In Ecuador, which has seen an almost 30% decline in remittances this year, the impact of the financial crisis is greatest in rural areas.
Read more: Remittances to rural Ecuador hit hard by financial crisis
IDB releases data on 2008 remittances to Latin America and analysis of financial crisis impact
Tuesday, 17 March 2009 06:12
On Monday, March 16th The Multilateral Investment Fund (MIF) of the Inter-American Development Bank (IDB) released its annual map of remittances to Latin-America and the Caribbean. In 2008, remittances rose 0.9% to $69.2 billion, a record high for remittances to the region. With economies under pressure in remittance sending countries, the financial crisis is having a major impact on migrant workers and their family members abroad, as a result remittances will drop for the first time in 2009.
The document will address the effects of the crisis on remittance flows to date and the challenges that lie ahead. Click on the cover to see the press release, press conference video and documents.