Remittances to El Salvador Surge to Record High in 2016

Remittances to El Salvador jumped by 7.2 percent in 2016 compared to the same period a year earlier, reaching the highest level in the country's history and marking the biggest increase in a decade, El Salvador's central bank reported Monday. Remittances, which mostly come from the United States and underpin the impoverished Central American country's economy, totaled $4.58 billion in 2016. "The accumulated [amount] between January and December 2016 constitutes the...

© La Voix de l'Amérique - lundi 23 janvier 2017