One of the reasons for the sharp increase in migrations from Latin American and Caribbean countries in recent years is lack of economic opportunity. Once those migrating settle in a new location and find employment, they often send money to their relatives back home.
These “money transfers” are known as “remittances.” And for countries in Latin America they can amount to billions of dollars each year.
CGTN Political Analyst Laura Carlsen joins “Americas Now” anchor Elaine Reyes in the studio to talk more about these remittances and their influence on Latin America and the Caribbean.
As Laura tells Elaine, remittance money is not only relied on by these families, it is vital to their survival.
Check out the interview here.