Remittances to Mexico drop as U.S. economy slows, enforcement increases

Comprehensive, Trusted, Relevant & Useful
HispanicTips has 40,214 stories & 100,000+ visitors a month..
Posted on: January 31st, 2008
Filed Under: [ Business ] [ Hispanic News ] [ Top Stories ] [ Eye Openers ] [ Blogante Business ]
Tags: , , ,

Newsletter readers - Don't forget HispanicTIPS - Gracias, Tomás

“For the first time in years, the flow of remittances – greenbacks from Mexico’s many migrants in the U.S. – was virtually flat along what the World Bank calls the planet’s largest migration corridor. Mexico’s Central Bank reported Wednesday that it received nearly $24 billion in 2007, compared with $23.74 billion in 2006, after several years of double-digit increases.

The government cited the sluggish economy in the U.S. and increased vigilance by U.S. officials.

“We used to be a community of lonely women and children,” Mrs. Ramírez said. “Now, look around, all you see is a bunch of old people. We don’t get much money from the United States anymore.”"*

*From: http://www.dallasnews.com
Traducido: usando Google o Altavista/Babel Fish

Stumble it! | | AddThis Feed Button

Other posts that may interest you

Mexicans Miss Money From Relatives Up North

Mexicans Miss Money From Relatives Up North

Flow of migrant money to Mexico stalls - A dragging U.S. economy and a campaign against undocumented workers are key reasons why Mexican migrants' remittances home have leveled off.

Remittances hit by political and economic uncertainty in U.S.

Dominicans abroad funneled US25.7B to economy in just 10 years

Rising US unemployment is reducing remittance flows to Latin America

Blogante News for Thursday - January 31st, 2008

Border Fence Construction Not Moving Fast Enough for Rep. Hunter (A Republican presidential candidate I might add)

Latin America and Caribbean Seeing Steady Growth in Economy

Mexican markets hammered by U.S. economy worries





Check us out!