Increasing remittances to Mexico hit world flow
Source: El Economista – Valores y Dinero
Mexico’s remittances have represented almost half of the increase registered in flows sent to developing countries, World Bank reported. According to the World Economic Outlook report by the institution, the amount received by developing countries is likely to reach US$167 billion this year. Of that sum, Mexico would get approximately US$18.1 billion. That does not only mean almost 11% of total flows, but also, according to the document, Mexico, India and China’s remittances represented more than half of the increase registered in such capitals between 2001 and 2005.
WB added that remittances to be received by Mexico will exceed Foreign Direct Investment once again.
This abstract is provided by Internet Securities, Inc. as a service to its customers. Internet Securities, Inc. makes no representation or warranty regarding the accuracy or content of the translation.