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Remittances continued to grow slowly this year – a sign of slow pick-up in developed economies. By Santiago Gutiérrez Last year remittances to Latin America grew at a slow pace. The total for 2013, estimated at $61.3 billion, grew by only 1.1% from the previous year, a percentage that in part is a reflection of the still weak recovery in the developed economies. However, this rate was substantially better than the 0.6% increase that was reported between 2011 and 2012. These are results fromLBC’s annual ranking on remittances, which is based on information from the IDB, the Multilateral Investment Fund, […]
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