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The Canada-Caribbean remittance corridor : fostering formal remittances to Haiti and Jamaica through effective regulation
Authors: --- --- ---
ISBN: 0821379194 9786613196507 1283196506 0821379232 9780821379196 9780821379233 Year: 2009 Publisher: Washington, D.C. : World Bank,

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Abstract

Several economies in the Caribbean region, especially from the lower income group, are highly dependent on remittances. Between 1991 and 2006, the combined flows of total remittances reaching the Caribbean have seen almost a 17% average annual growth rate, surpassing USD 6 billion in 2005 and overtaking ODA and FDI into the region. In addition, remittances represent more than 20% of the domestic gross domestic product (GDP) in some Caribbean countries and have played a significant role in lessening both balance of payment deficits and the impact of natural disasters to which the region is parti

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