A new World Bank report says remittance flows to the Caribbean countries are expected to exceed earlier estimates and total US$406 billion this year, an increase of 6.5 percent over the previous year.
The report said remittances to developing countries are projected to grow by 7.9 percent in 2013, 10.1 percent in 2014 and 10.7 percent in 2015 to reach US$534 billion in 2015.
Worldwide remittances, including those to high-income countries, are expected to total US$534 billion in 2012,
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