Faced with difficulties in the United States, an estimated remittances to relatives has declined by 9% annualized families living on the islands of the Caribbean, in accordance with the card. Double-digit decline of more than 7,3% of the world the World Bank has estimated that the decline was more dramatic impact on the Caribbean region has recovered from the decline in commodity prices and hopes for tourism and remittances as a source of revenue for the top five.
Microfinance Focus Sept.1, 2009: Declining U.S. economy has affected shipments through July and Caribbean countries has affected the economy deeply rippled, according to new research Map Financial Group, a leading microfinance lender in this area from.
In 2008, the amounts received remittances, have an average of almost 20% of household income in urban areas and more than 25% of household income in rural areas.
J. Map of the Group CEO Chesky Malamud, "The weak economy and the slowdown has affected the transmission and the pocket is a big difference is that the meeting brought a profound impact, many of the financial problems of the middle class in carib exception, "he said. He said that unfavorable economic conditions in microfinance activity in July increased significantly peompted.
Charter Financial Group, with world headquarters in New York, offers of credit and other financial services, enabling new opportunities for economic mobility and social. Charter Financial Group serves clients in five countries.
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