This briefing note offers insights as to whether cryptocurrency is an active form of currency transaction for family remittances to Latin America and the Caribbean.
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.
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.
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.
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.
Ecuador’s security crisis has surged to unprecedented levels, casting a chilling shadow across the nation. The distressing events on January 8 and 9 are a demonstration of a crisis that has worsened over the years, fueled by the clear neglect and failures of successive governments.
Tropical forests, which cover 6 percent of Earth, are our planet’s largest natural carbon sink and our first line of defense against climate change. Even
The Ortega and Murillo dictatorship has used migration as a weapon against the United States, and as a tool of state capture.
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