Post Region: Caribbean

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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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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Transaction Costs in the Post-Covid Era

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.

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Sustained Remittance Growth in 2022

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…

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