The Inter-American Development Bank (IADB) wants to encourage people who receive money from relatives who live abroad to make investments and help create jobs in their own countries.
According to the IADB's data, Latin America and the Caribbean received a record total of US$ 53.6 billion in 2005, 17% more than in 2004. The money was sent by Latin American emigrants who mostly work in the United States, Japan, Portugal, and England.
The figures were made public, in Belo Horizonte, last month, in the Brazilian Southeast, during a seminar on remittances and microcredit and the impact of the Latin American banking industry, during the IADB's 47th Annual Meeting in that city.
Brazil appears second in the ranking of Latin American countries that receive the most foreign remittances. In 2005, Brazilians working abroad sent US$ 6.4 billion home, 14% more than in 2004. This sum is equal to the revenues generated by last year's soybean exports.
Mexico continued in first place, with more than US$ 20 billion in remittances in 2005. For the coordinator of the IADB's remittances program, Pedro Vasconcelos, these statistics will help in the preparation of policies to propel the economies of the foreign workers' countries of origin.
The idea, he explained, is for banks to provide incentives, such as savings accounts and credit lines for micro-firms, in exchange for receiving deposits.
Through the Multilateral Investment Fund, the IADB will give backing to a Brazilian Federal Savings Bank program, in conjunction with the SEBRAE (Brazilian Micro and Small Firm Support Service), to stimulate savings accounts using remittances received from abroad.
Agência Brasil
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written by Guest, April 25, 2006
written by Guest, April 25, 2006
written by Guest, April 25, 2006
There is no way they would let Americans do this in their country!
Wake up Americans!
written by Guest, April 25, 2006
So I stay, who care, I illegal
I cross the border,poor and broke, take bus
see customs bloke
Nice man treat me good in here
say I need to see welfare
Welfare say, you come no more
we send cash right to your door
Welfare checks, they make you wealthy
medicade it keep you healthy
By and by I get plenty of money
Thanks to you American working dummies
Write to friends in mother land
tell them come, as fast as you can
They come here, we live together
more welfare checks, it gets better
fourteen families moving in.
They come in rags, chebby trucks
buy house with welfare bucks
We have a hobby, it's called breeding
Welfare pay for baby feeding
Kids need dentist, Wife need pills
We get free, we got no bills
American crazy! he pay all year,
To keep welfare running for us all year
We think America darn good place
Too darn good for the white man race
If they no like us, they can go,
Got lots of room in Mexico
written by Guest, April 25, 2006
Food lines long but I dont care, I go to front dispite their stares.
Need a car I no buy, I take one cause the price is high.
I sleep in bushes and abandoned cars, while Americans rot behind armed bars.
Right wing zealots scream a lot, say people like me create have nots.
I'ts not business or concern, you right wing bigots need to burn.
I just take back what you stole, while your ancestors were prospecting for gold.
Your future is a taco shop, burritos until your a*****es pop.
Mexico is stupid place, just like white man just in case, you think I let you send me back, I make you have a heart attack.
written by Guest, April 25, 2006
