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Central bank governance and financial stability: A report by a Study Group

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Migration and remittances patterns in Nicaragua are also worth noting. Migration from Nicaragua is predominantly to Costa Rica and the United States. In a nationwide study conducted in June 2001, 42 per cent of those living in Managua reported having a relative abroad, compared to 35 per cent in the Pacific region and 29 per cent from North-Central Nicaragua. The majority of those reporting outside Managua had relatives working in Costa Rica, whereas those living in Managua had relatives primarily migrating to the United States (Orozco, 2003). Receiving households use the vast majority of remittances for daily...
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Central bank governance and financial stability: A report by a Study Group

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