The Inter-American Development Bank’s Multilateral Investment Fund (MIF) will hold a news conference on Tuesday, November 6 in Miami, Fla. to present the results of a new study of remittances to Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama.

MIF Manager Donald F. Terry and pollster Sergio Bendixen, who has carried out surveys for the IDB in several Latin American and Caribbean countries, will speak at the news conference to be held at 8 AM in the Hibiscus Isle Room of the Intercontinental Hotel (100 Chopin Plaza), venue of the 41st FELABAN Annual Assembly.

Terry and Bendixen will present new estimates of the amounts of money sent home by Central American migrants in 2007. They will also discuss the results of the survey which looks at aspects such as the country of origin of the remittances, methods of money transfer most commonly used, spending priorities, and participation in the formal financial system. 

The MIF, an autonomous fund administered by the IDB, has been studying remittances since the year 2000 to gauge the economic impact of these flows stemming from Latin American and Caribbean immigrants in North America, Europe and Asia.

About Felaban:

The Latin American Banking Federation (FELABAN), represents more than 600 banking and financial institutions in 19 countries.  It was established in 1965 in the city of Mar de Plata, and is a non-profit organization. 

About FIBA:

FIBA is a non-profit organization founded in 1979. FIBA serves as the umbrella organization for international banks and other entities in Florida engaged in international banking and financial activities. FIBA has over 140 members, including more than 70 banks and financial institutions from 19 countries.

FIBA promotes the growth of international banking and finance and has engaged in advocacy on behalf of its membership at the state and national levels. FIBA also provides its members with a multitude of other services ranging from education and professional training programs to civic activities to strategic affiliations with other international and national banking organizations.