A UPI report in the Washington Times says that immigrants from Latin American and the Caribbean are going to send $25 billion in “remittances” from the US to their homelands this year.
A report released Friday by the Pew Hispanic Trust and the Inter-American Development Bank’s Multilateral Investment Fund predicted that the amount of monies wired from expatriates in the United States to the “LAC” nations of Latin American and the Caribbean was growing at a record pace.
The Pew report is available (in PDF format) here.