Remittances pick up as recession rebound continues - News - Jamaica Gleaner - Monday | April 9, 2012

Remittances pick up as recession rebound continues - News - Jamaica Gleaner - Monday | April 9, 2012: "In line with World Bank predictions, remittances to Latin America and the Caribbean have strengthened as economies continue to recover from the global economic milieu which peaked during the two-year period, 2008 to 2009.

In Jamaica, remittances crept to their highest calendar-year level in a decade last year, according to the Bank of Jamaica in its December 2011 remittance report, with more than US$2 billion in inflows to Jamaica.

And, inflows have continued to increase with remittances to the island in January improving by four per cent, compared to the corresponding period in 2011. The greater portion of inflows in 2011 was due to improvements in inflows through remittance companies"

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