Remittances are an important way that capital flows on a person-to-person basis from wealthier countries with strong economies to areas where opportunities are more limited. … READ MORE >
Worker remittances
CHART OF THE DAY: Remittances to Mexico reach record levels
The remittances, which equaled roughly 3.8% of gross domestic product in March, or nearly $41 billion a year, are a crucial source of funds comparable with foreign direct investment into Mexico. … READ MORE >