Monday, May 17, 2004

Immigrants' Cash Floods Homelands (washingtonpost.com)

Immigrants' Cash Floods Homelands (washingtonpost.com):

"The massive flows are part of an estimated $30 billion annually that Latin American immigrants in the United States convey to their home countries, according to the study, to be released today by the Inter-American Development Bank. Of that amount, the study estimates, $94 million comes from the District. Immigrants living in Maryland send $500 million, the survey estimates, and those living in Virginia send $586 million. Most Latino immigrants in Maryland and Virginia live in the Washington suburbs. The study said the region's immigrants are more likely to send money to Latin American than are immigrants nationwide, and they send money more often. "

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