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.
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.
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.
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.
The Ortega and Murillo dictatorship has used migration as a weapon against the United States, and as a tool of state capture.
The following note reviews some of the factors driving recent growth in remittances sent to Mexico.
The Context In the last 10 years, Haiti has turned into one of the most remittances dependent countries in the world. Indeed, migrants’ transfers went
Introduction This blog examines the role of remittances on Haiti’s economy. It points to its growing relevance over time, and the dependence on transfers from
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.
Despite a severe continued deterioration of health conditions among Latin American and Caribbean countries, and a slower than expected economic recovery in 2021, migrant remittance transfers will grow 25% relative to 2020, which had already increased 9%.
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