Manuel Orozco, member of the Financial Services Advisor board and director of the Migration, Remittances and Development Program at the Inter-American Dialogue: “Remittances to Central America grew last year to $38 billion, that is 23.5 percent of the GDP of Guatemala, Honduras, El Salvador and Nicaragua. The increase is one of the largest in the history of these countries since 2000. Nicaragua experienced more than 40 percent growth, followed by Guatemala and Honduras with 20 percent growth each. The increase is largely due to the outflow of migration from the region during this period, when 250,000 new remittance senders in 2022 added to the amount of money being transferred. Some nationalities also increased the amount of money they sent by each person, either by the number of times or the amount. This year, the growth is unlikely to follow the same pattern because migration continues to slow, and the number of new senders will not increase correspondingly. However, policymakers need to focus on…”