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International Remittances: A Primer (CRS Report for Congress)

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Release Date Aug. 17, 2004
Report Number RS21910
Report Type Report
Authors Martin A. Weiss, Foreign Affairs, Defense, and Trade Division
Source Agency Congressional Research Service
Summary:

The international market for remittances is between $70 billion and $80 billion per year. Of all forms of international development assistance, remittances or monies sent home by foreign workers overseas is the most stable, reacting least to international politics or events. For many countries, remittances are a major, and sometimes the primary, source of income for consumption and investment. Moreover, the presence of remittances in the international economy presents several policy concerns for the United States. These range from making remittance services as cheap, and yet as safe as possible to possible implications for U.S. immigration policy.
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