Workers Remittances to the Andean Region: Mechanisms, Costs and Development Impact
- 30 April 2003
- report
- Published by Felipe Herrera Library (Inter-American Development Bank)
Abstract
Remittances in the Andes finance investment and growth, reduce poverty, complement national savings, and are a source of foreign exchange. Properly mobilized remittances can contribute to increased investment in housing, in human capital and help to finance micro and small-scale firms.Keywords
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