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Insidecostarica.com - San José, Costa Rica  -      Friday 16 February 2007

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Remittances Increase from Panama
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Remittances Increase from Panama
Remittances sent from Panama to other countries amounted to us$120.9 million dollars in 2006, 17.6 percent more than in 2005, local sources reported.

According to Financial Companies general directors, Colombia is the country that receives the greatest volume with 50.9 million dollars, 43 percent of the total.

The United States is the second, with 12.4 million dollars, he added.

The institution also indicates that in 2006 Panama received remittances of us$49.6 million dollars, more than half of that figure from the northern nation.

Since the sustainable economic growth of the country in recent years, thousands of Central American and Colombian immigrants have decided to settle here.


 



 

 
   

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