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A river of gold

The money that migrants send home buoys families and bolsters national economies. Can it do more?

Every month, Lucas Zelaya, a supervisor at a Washington, D.C., parking garage, sends at least $200 to his mother in San Alejo, his hometown in El Salvador. His remittances, together with those made by millions of other migrant workers in the United States, snowball into billions of dollars a year, a massive movement of capital that has already surpassed the financing multilateral lending agencies provide Latin America and the Caribbean...

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IN THIS ISSUE
Poor farmers have lost nearly all their crops.
DROUGHT IN CENTRAL AMERICA:
Chronicle of a drought foretold
The social and economic costs of the drought that ravaged Central America could have been diminished with proper policies.
Q & A: Can the Andalusian miracle be replicated?
José Emilio Guerrero, a professor at the University of Córdoba in Spain describes how a depressed, abandoned rural area achieved prosperity in just 10 years.
Sidebar: Coffee on the ropes
The coffee crisis is compounding the devastating drought in Central America, and it foreshadows a harsh restructuring of the sector.

NEWSBEAT
Q & A: Can remittances help to fuel development?
Donald Terry, manager of the IDB’s Multilateral Investment Fund, explains how money sent home by immigrants could be leveraged to benefit whole communities.

EXPRESSIONS
A photographer's odyssey
David Mangurian spent 30 years capturing the work of the IDB on film. His 200,000 photographs, now stored in the Bank’s photo library, offer a unique chronicle of Latin American development. Mangurian recently selected 70 of his favorites.

Household whimsy
Swedish designers prove that coat racks don’t have to be dull at a recent exhibition at the IDB Cultural Center Art Gallery.

IDB BOOKSHELF
Surviving the streets
An IDB transportation expert argues that Latin America’s governments can reduce traffic fatalities quickly and inexpensively.

IDB GROUP NEWS
IDB funds education reform in Argentina
Also, announcement of new IDB External Relations Advisor.


A photographic odyssey


Urban Heritage

VIEWPOINT


Values worth fighting for. The Catholic archbishop of Tegucigalpa, Honduras, reflects on the relationship between ethics, religion and development.

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