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The following presentation, prepared by Manuel Orozco, director of the Migration, Remittances and Development program of the Inter-American Dialogue, is part of the Prosperity and Progress in Intermediate Cities project. The initiative seeks to encourage socioeconomic inclusion in the municipalities of the department of San Marcos, Guatemala and the municipality of Amatitlán, Guatemala.
In the slides, Orozco provides his analysis of Guatemala’s migration flows and trends within the contexts of Latin America and Central America. Although migration has decreased, the intention to migrate among Guatemalans is substantial. Similarly, although the annual growth rate has slowed, remittances continue to grow along with the country’s economic dependence on them. In addition, Orozco presents his projections for the years 2024 and 2025 and offers a development strategy for the country. The strategy is comprised of five points:
- Financial inclusion among recipients, increase wealth, reduce the intention to migrate
- Strengthen the informal sector by providing it with competitive tools and access to credit
- Promote a competition mechanism for H2B visas: lottery
- Promote financial and fiscal integrity in companies
- Increase economic complexity: promote the knowledge economy
