the mif blog

In my recent visits to two branches of two major banks in the United States, I witnessed the discontent of bank clients waiting to be served by a single teller. The rest of the teller windows seemed abandoned.

Millions of people in Latin America and the Caribbean are affected in some way by migration. The women on whom I will focus in this blog face many challenges from the moment they decide to migrate. First, they say goodbye to their families, not knowing when they will see each other again.  Then they must adapt to the country that receives them and find one or more jobs that will allow them to earn enough money so they can send some home to their country of origin, which is the reason many of them originally chose to leave.

De acuerdo el reciente informe del Fondo Multilateral de Inversiones (FOMIN) “Las remesas a América Latina y el Caribe en 2012: comportamiento diferenciado entre subregiones”, en el 2012 llegó a la región un estimado de USD 61,3 mil millones. Después del crecimiento anual que experimentaron los flujos de remesas a la región entre el 2002 y 2008 de 17% en promedio y la posterior caída de 15% en 2009 debido a la crisis financiera, los flujos de remesas se han estabilizado en los últimos años.  ¿Por qué es tan importante brindar especial atención a los corredores intra-regionales de remesas? 

This post is also available in English on the ProSavings blog