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