Blog & Topic: Central America & the Caribbean

Migrant Remittances to Central America and Options for Development

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. 

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Family Remittances in 2024: Looking Ahead amid Possible Shifts in Flows

This briefing offers a descriptive perspective regarding remittance transfer growth in 2024. We point out that, this year, flows will experience less than six percent growth. The memo highlights some insight on migration, historic growth, competition in the marketplace, and what growth can be expected for 2024.

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Today’s Challenges for Salvadorans in the face of the Current President’s Legacy

Setting aside the debate surrounding the legitimacy and popularity of President Nayib Bukele, he has a number of challenges ahead of him in the social, political, and economic sphere. In large part, these challenges are his legacy as they result from the decisions implemented in his first presidential term. Paradoxically, when it comes to overcoming the country’s main problems, President Bukele is his own worst enemy.

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Democracy Under Siege in Central America

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.

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Migration and Remittances: An Outlook for 2024

The following note by Manuel Orozco, director of the Migration, Remittances, and Development program at the Inter-American Dialogue, offers some observations pertaining to a migration and remittance outlook in 2024.

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