Post Issue: Foreign Policy

Sending Money to Mexico: Slowed Growth in 2024

This briefing offers an update on remittance growth in Mexico for 2024 by looking past trends as well as key issues. Additionally, the memo shows how government policy has sought to intervene at the point of sending or receiving in certain ways, and that the overall upward trend is sustained by migration and remittance frequency. Lastly, the memo signals a slowdown in principal sent that is partly associated with microeconomic inflationary trends.

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Migration from Andean Countries

The Andean migrant population in the US is remitting 50% of all flows to their homelands in the Andes, over US$10 billion in 2022 from the US and US$11 billion in 2023. Within this context, the following briefing offers a characterization of migration from the Andean countries: Bolivia, Colombia, Ecuador, Peru, and Venezuela.

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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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An Unprecedented Migration Crisis: Characterizing and Analyzing its Depth

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.

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Biden’s First 100 Days and Latin America Policy

Given the huge demands on Washington  – domestic and international  – and today’s ravaged, fragmented, and leaderless region, this is probably not the right time for bold, ambitious initiatives. But the Biden administration should move quickly to renew partnerships with select countries, emphasizing recovery from Covid-19 and restoring economic and political stability.

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