IMF says remittances do not balance out losses caused by emigration
Remittances are key for providing support to LAC countries in terms of fiscal and financial stability
The negative impact from emigration on labour forces in Latin American and Caribbean (LAC) nations outweighs growth gains from remittances, a paper published by the International Monetary Fund finds.
In Migration and remittances in Latin America and the Caribbean: engines of growth and macroeconomic stabilisers, a group of economists examine recent outward migration and remittance trends to LAC countries.
“Given emigration, remittance flows play key financing and stabilising roles in Central
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