Latin America and Caribbean Seeing Steady Growth in Economy

Money transfers (remittances) sent by migrants, mostly in the United States, back to their home countries in Latin America and the Caribbean rose in 2004 by $6.4 billion, or 18.3 percent. Mexico is the world’s number-one country for receiving money sent home by migrants in the United States.

Immigration experts report that these remittances sent by Mexican workers to their homeland totaled about $17 billion in 2004.

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