Record-breaking remittances to Latin America and the Caribbean – IDB

Statistics for 2014 reveal a new record high for remittances sent to Latin America and the Caribbean.

According to a press release from the Inter-American Development Bank (IDB), the 2014 figures are linked to the “recovery of the economy and labour market in the United States.” Mexico is the largest recipient with remittances valued at of US$23.6 billion,