Remittances to Guyana in 2011 amounted to US$401 million, an increase of 7.2 percent over 2010, says a new report on remittances in Latin America and the Caribbean. It said remittance inflows to the region rose to US$61 billion, an increase of 6 percent.
This is according to the report ‘Remittances in Latin America and the Caribbean in 2011: Regaining Growth’ which the Multilateral Invest-ment Fund of the Inter-American Development Bank (IDB) released yesterday.
However, when the rate of exchange and inflation are
