RemittancesGateway.org

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.

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).