IDB fund to present findings of survey on remittances from US to Latin America

April 30, 2008 - United States Of America

The Inter-American Development Bank’s Multilateral Investment Fund (MIF) will hold a news conference on Wednesday, April 30 at the National Press Club in Washington, DC, to present the findings of a survey on remittances from the United States to Latin America.

Remittances, the money transfers made by migrant workers to their homelands, are a vital source of income for hundreds of millions of families in developing countries around the world. Last year Latin America and the Caribbean received some US$66.5 billion from its expatriates, most of it from the United States.

MIF General Manager Donald F. Terry and pollster Sergio Bendixen, of the Miami firm Bendixen & Associates, will discuss the results of the survey from 10 a.m. to 11 a.m. in the Lisagor Room of the National Press Club (529 14th St NW no. 1300, Washington, DC).

The survey, conducted earlier this year among 5,000 Latin American adults across the United States, covers the sending of money to their homelands, the impact of the U.S. economic slowdown on their employment and earnings and their perceptions of attitudes towards immigrants in this country.

The MIF, an autonomous fund administered by the Inter-American Development Bank, promotes private sector development in Latin America, with a focus on microenterprises. It has been analyzing remittances flows to the region since the year 2000.