Understanding the Continuing Effect of the Economic Crisis on Remittances to Latin America

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Understanding the Continuing Effect of the Economic Crisis on Remittances to Latin America

November 20, 2017

This report presents fieldwork research and results of a nationwide survey of Latin American and Caribbean migrants on how the economic crisis is affecting their economic situation and their ability to send remittances. The study shows that difficulties are mounting for migrants who send money home to take care of their families, and it estimates that in 2009 flows to Latin America may drop by 11% over 2008 values. The study shows that difficulties are mounting for migrants who send money home to take care of their families, and it estimates that in 2009 flows to Latin America may drop by 11% over 2008 values.