Wednesday, October 25, 2006

[IWS] IADB: REMITTANCES from US to LATIN AMERICA 2006 [18 October 2006]

IWS Documented News Service
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations
-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor
---------------------- Stuart Basefsky
New York, NY 10016
-------------------------------Director, IWS News Bureau

Inter-American Development Bank (IADB)

Remittances from the US to Latin America, 2006 [18 October 2006]

Full Ranking


Public Opinion Research Study of Latin American Remittance Senders in the United States
October 18, 200
[full-text, 51 pages]

Sending Money Home: Leveraging the Development Impact of Remittances
[full-text, 16 pages]

This latest survey includes data not previously available on transnational families,
labor markets, the banking practices of immigrants, their investment potential, and the
financial products they are most interested in receiving. While remittances are clearly
far from reaching their full potential as an investment tool, the recent survey shows the
international migrant community is becoming increasingly aware of the potential of
structuring the transfer of funds to achieve more effective economic results. Remittance
senders are making greater use of the formal financial system, lowering costs and
multiplying financial benefits.

But, much more needs to be done to leverage these resources, and, particularly, to
provide transnational families with access to the financial system and more options to
use their funds. Despite the unprecedented levels of interest in remittances, a variety
of historical, legal, regulatory, and cultural obstacles continue to prevent the financial
sector from successfully integrating remittance senders and receivers.
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
Telephone: (607) 255-2703                
Fax: (607) 255-9641                       

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