CentAm Remittances Seen Rising 10% in 2007

CentAm Remittances Seen Rising 10% in 2007

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Remittances to Central America will grow by approximately 10% to about $12.1bn in 2007, according to the IDB's Multilateral Investment Fund (MIF). Remittances will represent at least 10% of four countries' gross domestic product: Honduras (27%), El Salvador (17%), Nicaragua (17%) and Guatemala (12%). They will total the equivalent of about half of Nicaragua's exports, approximately 60% of Guatemala's, about 75% of Honduras and almost all of El Salvador's exports, says MIF. El Salvador leads Cent

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