This blog examines remittance sending costs to eight Latin American and Caribbean countries and considers that the most important reality shaping the money transfer intermediation industry is that is tied to a global currency market.
In the wake of the Covid-19 pandemic, remittances have become a much more important source of income for many people in Latin America and the Caribbean. It is projected that the growth rate will reach 14 percent in 2022 to nearly US$150 billion, equivalent to 5 percent of the gross domestic product in Latin American and the Caribbean countries…
How will the new China-Caribbean Development Center affect China’s relations with the region?
Covid-19 has accelerated digitalization all over the world. Things that chief technology officers had planned to be implemented in years had to be put in place in weeks, or even days. E-commerce, e-payments, remote work, video calls and streaming are now essential parts of our social and productive lives. Indeed, some in-person activities are gradually coming back, but a significant part of our day-to-day activities will likely become digital forever.
Despite a severe continued deterioration of health conditions among Latin American and Caribbean countries, and a slower than expected economic recovery in 2021, migrant remittance transfers will grow 25% relative to 2020, which had already increased 9%.
Sharp-edged messaging from Chinese diplomats featured prominently in China’s global communications in the early months of the Covid-19 pandemic.
Beyond humanitarian motives, China’s pandemic aid has aimed to achieve multiple other objectives.
Ha desatado polémica la reciente visita a Cuba del cardenal Sean Patrick O’Malley, arzobispo de Boston. La llegada del Cardenal a la Isla ocurre justamente a dos meses de las multitudinarias protestas ocurridas en Cuba los pasados días 11 y 12 de julio. Desde sectores del laicado católico, la oposición política, la sociedad civil, y el exilio de Miami, se afirma que se trata de una “operación” de “lavado rostro” al gobierno cubano -con la ayuda de la jerarquía católica local- luego de los acontecimientos de julio pasado, que arrojaron cientos de encarcelados, sobre todo jóvenes.
A Latin America Advisor interview with Ernesto Revilla, head of Latin America economics at Citigroup, about the region’s economic outlook.
Con la celebración del VIII Congreso del PCC se abre un nuevo ciclo histórico en la Isla, en el corto plazo, marcado por la resistencia a circunstancias adversas. Sin embargo, en el mediano y largo plazo, el nuevo liderazgo compuesto por la generación intermedia, recién llegada al poder, deberá cumplimentar un objetivo central: construir un modelo económico sustentable que traiga prosperidad material e inclusión social al pueblo de Cuba.
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