
Today's New York Times has an editorial "
Wiring Development [1]" that, to my mind, picks up on what is really important from the
IADB remittance stud [2]
y [3], "Sending Money Home", namely the opportunity for Latin American banks to turn remittance recipients (and senders, too) into real, creditworthy customers, and to add a substantial part of the money stream into productive working capital, deepens the financial sectors of recipient countries, and begins to provide the financial literacy so critical to poverty alleviation. After a spate of
mis [3]
-directed [3]
coverage [3], it's gratifying to see that the newspaper of record sees the positive big picture.