Word: inter-american
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...growing portion of unbanked America comprises immigrants like Alvarez-Rosales. In states like Georgia, where immigrant communities are more recently established but growing quickly, immigrants are less likely to send money home, according to a new report from the Inter-American Development Bank, so they may have a greater need for banking services...
...business, they are easily discouraged by the mass of bureaucratic red tape and costly fees. In Egypt, for example, starting a bakery takes 500 days, compliance with 315 laws, visits to 29 agencies and the financial equivalent of 27 times the monthly minimum wage. A recent study by the Inter-American Development Bank in 12 Latin American countries found that only 8% of all enterprises are legally registered and that close to 23 million businesses operate in the shadow economy. The proprietors of these businesses cannot get loans, enforce contracts or expand beyond a personal network of familiar customers...
...Santiago Rafael Cruz, 29, who had worked for FLOC in Ohio before getting a job with the union in Mexico, was discovered bound and tortured to death in its Monterrey offices, not far from the U.S. consulate, on April 9. The crime is still unsolved, but the Inter-American Commission on Human Rights has recommended increased security measures for all FLOC workers in Mexico...
...Mexican migrants sent as much as $25 billion back to the country last year - and the total for all Latin American migrants was more than $60 billion, according to the Inter-American Development Bank (IDB). At its annual conference this past weekend, IDB officials emphasized the need to encourage entrepreneurial ambition like that of Hernandez, either through bank credit or the creation of venture-capital funds focused on the poor. Its "Opportunity for the Majority" initiative also promotes getting land and other property titles to the region's have-nots in order to draw them out of the underground...
...with the region, but it "helps lay the groundwork for a new, more engaged approach to Latin America that tries to redress the tremendous gap between what Washington cares about and what Latin Americans worry about," says Michael Shifter, vice president for policy at the Washington-based think thank Inter-American Dialogue...