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| Fri, 05/16/2008 - 14:26 |
Wiring money around the world is big business. And money transfer companies like Western Union and Money Gram have been taking their cut from migrants' earnings for years. To counter that, over 100 community-based organizations convened in Mexico City this week to form an association that would lower the cost of sending money home to a $3 flat fee. Additionally, the newly-formed Global League of Community Sustainers plans to establish a fund, and terms by which local communities can pay for development projects in migrants' home countries. Monica Lopez has more from Mexico City.
Back to Newscast Friday, May 16, 2008
