Are Workers’ Remittances Relevant for Credit Rating Agencies

In general, the effect of remittances is higher in Central American and Caribbean countries (e.g., El Salvador, Jamaica, Guatemala, Dominican Republic) than in other countries of the region (e.g., Argentina, Brazil, Chile, Mexico, Peru, Venezuela). Figure 4. Ratio of External debt over Exports (tdoverx_wr) and over Exports and Remittances ... ................
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