Remittances on the Decline

The World Bank stated that remittances to developing countries have been declining for the past two consecutive years, a phenomenon which has not occurred in three decades.  Remittances to developing countries fell by 2.4% to $429bn while global remittances fell by 1.2% to $575bn.


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The Caribbean Association of Banks, Inc. is the representative body and recognized voice for banks and other financial institutions in the Caribbean. We seek to influence policies and legislation which impact the sector by advocating on our members’ behalf and participating in the global network of similar institutions.

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