tag:blogger.com,1999:blog-16438495.post3013969357035473414..comments2024-01-25T18:53:11.461-06:00Comments on Center for International Finance & Development: IDB notes drop in remittances during 2007Webmasterhttp://www.blogger.com/profile/03812565839828757976noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-16438495.post-22809844729047263252008-05-26T01:12:00.000-05:002008-05-26T01:12:00.000-05:00The drop in the remittances is a global phenomenon...The drop in the remittances is a global phenomenon and has to do with the fact that it is getting increasingly difficult for the immigrants to support their families because of the falling dollar. Philippines too has seen a sharp decline in the remittances which support its economy. I personally feel the state of the construction business in the US is one of the main reasons behind this trend. Experts too believe that the trend would continue and more immigrants would stop remitting money in the coming months. It would thus get interesting to see how things turn out eventually.Remitterhttps://www.blogger.com/profile/15086523569190104625noreply@blogger.com