Use of Digital Financial Applications for Payments in Central America
Analyzing Survey Data from Guatemala, El Salvador, Honduras, and Nicaragua This piece shares findings on the extent of digital adoption in Central America for regular payment
Analyzing Survey Data from Guatemala, El Salvador, Honduras, and Nicaragua This piece shares findings on the extent of digital adoption in Central America for regular payment
Haiti and Central American countries will be the most affected in 2026 by a decline in migration and remittances, accompanied by an increase in deportations, which will affect economic growth and increase unemployment and informality.
This article examines the role of family remittances in Central America, analyzing two dimensions of the flows—macroeconomic and household—identifying the links between these flows and development through finance, and offering recommendations to leverage these flows to mitigate shortcomings in the region’s economic growth.
Democracy is under threat in Central America and authoritarianism is on the rise. This problem is having long-term institutional and economic implications for these countries and poses serious challenges for US policy towards the region. Uncheckered political ambitions and abuses of authority in the form of corruption or political and economic favoritism are signs of severe democratic backsliding. Nicaragua is an illustration of the consequences of unconstrained power. But the growing corruption and political ambitions of other Central American leaders could further affect democratic institutions in the region. It is important not only to bear witness but to mobilize proactive foreign policy to prevent authoritarianism from rising.
In Latin America, the rise of so-called “outsiders” with anti-system or anti-establishment agendas has had significant consequences for the rule of law.
This piece offers a look at the current migration trends and points to large differences that characterize this situation as a crisis: the scale, composition, nature, and management of migration is outside conventional or historical patterns. Aspects of this unprecedented migration pattern are not within the control of government authorities and policy makers. The recent migration wave to the US border has been referred to as a crisis. Media references point to the drama of people arriving and passing through the Darien, Central America, and Mexico to characterize the problem. Others have pointed out the increasing arrivals into US cities in numbers that are hard to manage by local communities.
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.
Given its commitment to reviving multilateralism and bringing together diverse stakeholders, the Biden administration is well-positioned to use these instruments to implement its more holistic regional agenda. After decades of privileging police and military assistance and waiting for government uptake of institutional strengthening efforts, it is time to look beyond Central American states and reinvest in civil society-based anti-corruption coalitions that can be the engines of political and economic change.
Making climate change a central theme of a renewed US focus on the root causes of migration from the Northern Triangle presents an opportunity for the Biden administration to address its border dilemma while simultaneously advancing its climate-related foreign policy goals.
Developing countries can leverage the potential of services to transform their growth prospects and ensure improved standards of living.
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