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Citi Joins Caixa For Brazil Remittances

Dec 24, 2008

Citi has teamed up with Brazil’s Caixa Economica Federal to tap into the flow of remittances from citizens living abroad, a flow of roughly $7bn a year. The new service, which will be available in H1 2009, is intended to boost...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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