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November 14, 2011

Remittances to Latin America, Caribbean are rising again

A report by the Bank of México in early August indicated that money transfers during the first six months of this year had increased 5 percent compared to the same period last year. Likewise, a report by the IDB issued in March indicated that money transfers to the region from the United States, which had plunged dramatically in 2009, began to stabilize in 2010.

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