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IDB fund to present new data on remittances to Latin America and the Caribbean

The Inter-American Development Bank’s Multilateral Investment Fund (MIF) will release on Sunday, March 18 in Guatemala City its latest estimates of remittances to Latin America and the Caribbean.

MIF Manager Donald F. Terry will present the estimates for 2006 and forecasts for 2007 at a news conference to be held at noon in the Ayarza room of the Camino Real Hotel, principal venue of the annual meeting of the IDB Board of Governors.

The MIF, an autonomous fund administered by the IDB, has been studying remittances since the year 2000 to gauge the economic impact of these flows stemming from Latin American and Caribbean immigrants in North America, Europe and Asia.

During the news conference a representative of the International Fund for Agricultural Development will present a global project launched by this United Nations agency to leverage remittances and expand access to financial services in rural areas around the world.

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