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The spoils churn through an island economy that was almost inert two years ago, save for the hefty remittances sent home by the island's famously high-achieving diaspora.
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Complicating matters, Ms. Adler has to start paying back hefty loans from her parents — interest-only for five years, then a lump sum remittance of the principal.
Choke remittances, and such places will suffer.Even for larger economies, such as India and China, remittances provide hefty flows of capital.
3 Remittances.
New sorts of remittance firms are allowing people to send money to relatives back home using pipelines that bypass banks and other traditional intermediaries, helping to bring down the hefty fees charged on such transfers.
How effective are remittances?
Remittances are rising globally.
— who sent remittances home.
Migrant remittances will contract.
So does evidence from remittances.
But remittances remain a worry.
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