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
http://www.iadb.org/mif/remittances/usa/ranking2006b.cfm

Map
http://www.iadb.org/mif/remittances/usa/INDEX.cfm?language=en&parid=2&item1id=2&item2id=2


Public Opinion Research Study of Latin American Remittance Senders in the United States
October 18, 200
6
http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=826095
[full-text, 51 pages]

Sending Money Home: Leveraging the Development Impact of Remittances
http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=823579
[full-text, 16 pages]

[excerpt]
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.
______________________________
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****************************************
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                       
E-mail: smb6@cornell.edu                  
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