Cash-starved Venezuela increasingly reliant on migrant remittances - News Summed Up

Cash-starved Venezuela increasingly reliant on migrant remittances


( Fernando Vergara / The Associated Press )Now he is labouring for $10 a day, with one sole aim: to send money back home. Most remittances sent to Latin America come from migrants in the U.S., who send money to Mexico, Cuba and other nations in Central America and the Caribbean. Venezuela historically had been a receptor of migrants, and thus a country people sent remittances from, but that has changed. ( Ariana Cubillos / The Associated Press )“Increasingly, middle-class households need remittances in order to survive,” said Jean Paul Leidenz, a senior economist at Ecoanalitica. But in one day of working in Bogota he earns as much as he did in a month in Venezuela.


Source: thestar May 23, 2018 21:33 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */