Immigration: The IDB reports a record-high $65 billion in remittances to Latin America in 2014. It's a lagging indicator of the border surge. But it's a leading indicator for how Latin states fail to make their nations livable.
 |
| A man leaves a Western Union agency in Havana, Cuba. AP |
Based on the chirpy tone of the Inter-American Development Bank's latest report, you'd think that the record-high $65.4 billion in remittances received in Latin America and the Caribbean this year, the bulk of which went to Mexico and Central America, were a good thing. Words like "recovery," "significant growth" and "improved" were prominent.
 |
| Some Countries Depend on Remittances sent home by ILLEGALS working in U.S. |
The word to describe what these cash-sendings from immigrants really mean was left out: misery. People leave for a foreign land because the socialist conditions are so intolerable back home.
The facts tell the story: Remittances to Mexico rose 8% from a year earlier and 7.4% to Central America. Mexico hauled in $24 billion in 2014, a third of the total for all of Latin America. Guatemala took in $5.5 billion, up 8.6%; El Salvador gained $4.2 billion, up 6.7%; and Honduras received $3.35 billion, an 8.8% spike. IDB forecasts further gains this year.Read the rest of the IBD editorial HERE.
If you like what you see, please "Like" us on Facebook either here or here. Please follow us on Twitter here.
No comments:
Post a Comment