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The Canada-Caribbean remittance corridor
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Publication
The Canada-Caribbean remittance corridor
2009
Overview
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 6billion 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
Publisher
World Bank
Subject
ISBN
0821379232, 9780821379196, 0821379194, 9780821379233
