Money sent home by legal and illegal immigrants residing in the U.S. totaled 69 billion 200 million dollars in 2008

By m3report

NATIONAL ASSOCIATION OF FORMER BORDER PATROL OFFICERS

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Foreign News Report

The National Association of Former Border Patrol Officers (NAFBPO) extracts and condenses the material that follows from Mexican and Central and South American on-line media sources on a daily basis. You are free to disseminate this information, but we request that you credit NAFBPO as being the provider.

La Hora (Quito, Ecuador) 3/17/09

Individual monetary remittances to Latin America totaled 69 billion 200 million dollars in 2008, according to the InterAmerican Development Bank. In some countries of that area, this amounts to 20% of the GNP. The drop foreseen for 2009 is cushioned by the dollar’s rise against several currencies including Mexico’s and Brazil’s and also against the euro.
Individual countries’ figures (in billions of dollars)
- Mexico 25,145
- Brazil 7,200
- Colombia 4,842
- Guatemala 4,315
- El Salvador 3,788
- Dom. Rep. 3,111
- Peru 2,960
- Ecuador 2,822
- Honduras 2,701
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El Nuevo Diario (Managua, Nicaragua) 3/17/09

Nicaragua’s new policy waiving visa requirements for aliens has a “Category B