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Japan’s Latin American Ex-Pats - August 2005 |
| | Financial Service | | | Author: Jan Smith Ramos |
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Family remittances to Latin America continue to capture headlines as they move beyond the $45 billion mark annually. They remain one of region’s largest revenue streams. Until recently, most of the attention was focused on the US and European channels and little information was available concerning intraregional remittances, or those from Japan. Recent estimates from the Inter-American Development Bank (IDB) reveal that Japan is the second-biggest source of remittances to the region, with Latin American expatriates sending home around $2.65 billion per year to their families at home. (Intraregional remittances will be the subject of a future issue of tendencias).
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