Latin American Remittances

Some Jamaicans move to countries outside of Jamaica but have family members that still live in Jamaica. Since Jamaica has a low unemployment rate, Jamaican citizens rely on remittances. Remittances are when immigrants living in new countries send money to their home country to support their families living in their home country (Ratha). For many Jamaican families, a life without remittances sent from relatives in countries like the Unites States, United Kingdom and Canada would more difficult than is now (Shingu). According to Inter – American Development Bank’s report, ten million families in Latin America and the Caribbean rely on remittances to stop poverty (Shingu). Additionally, despite economic problems and poverty in Jamaica, the IDB