Latin American migrant laborer returns exceed foreign aid
Money sent home by Latin American migrant laborers now exceeds direct foreign investment and foreign aid to Latin America.
The amount of money sent home by Latin American migrant workers to their families has reached more than $62bn.
This figure now exceeds the combined total of all direct foreign investment and foreign aid to Latin America.
According to the Inter-American Investment Bank, the figure could reach $100bn in four years’ time.
The biggest share of money, $23bn, was sent back to Mexico, mostly from workers living in the United States remitting small sums each month.
bbc
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