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Recipients in Mexico Favor Receiving US-Sent Remittances Through Companies that Contribute to Local Economic Development and Job Creation Projects
Date:5/7/2008

Finding that families in Mexico support innovations to extend the local productive impact of remittances shines spotlight on companies engaged in

those efforts - Economic issues top concerns for Mexicans in Mexico and the US. - Broad support in communities of origin for the 3x1 and 4+1 programs. - Secure delivery, seen as most important factor when receiving money from the US. - Family members in Mexico would encourage senders to use companies that

contribute to the 4+1 program.

MEXICO CITY, May 7 /PRNewswire/ -- The inhabitants of the communities in Mexico from which most of the migrant workers leave for the United States are strongly in favor of programs that channel part of the remittances their relatives send back home to projects that build up infrastructure and provide economic development programs with job creation potential in their regions of origin.

94% favor programs such as the 3x1, through which the Mexican Government, via the Ministry of Social Development (SEDESOL), state and local governments each contributes one dollar for every dollar that reaches the community through the Clubes de Migrantes in the United States.

92% expressed support for a Program (4+1) by which another participant, in this case a private company, also contributes an amount equal to the contribution of the other participants for productive projects.

This information comes from a survey conducted in ten Mexican states by The Tomas Rivera Policy Institute - TRPI, one of the most prestigious institutions in the US dedicated to the research of key issues related to the Latino community. The survey constitutes the first of a two-part study that will be produced by the TRPI regarding the sending of remittances to Mexico. The survey was conducted in March 2008 with more than 1,000 questionnaires.

The TRPI, long committed to better understanding the dynamics associated with remittance
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SOURCE The Tomas Rivera Policy Institute
Copyright©2008 PR Newswire.
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