The recent oil price collapse, combined with the economic contraction resulting from measures to fight the global Covid-19 pandemic, will have extensive and largely unforetold impacts for Latin American energy markets and beyond. These implications include cuts to investment and delays to ongoing projects in both oil & gas and renewable energy, fiscal and broader economic constraints, and legal disputes, said panelists during a webinar held on April 1.
The US has introduced several measures to facilitate energy & infrastructure investment in Latin America. However, the impact will likely be constrained by the challenging investment environment in many Latin American countries, demonstrating the limitations for the US in competing with China’s centralized economic model.
Estados Unidos ha dado un nuevo paso inusual en su política hacia Venezuela, al acusar al presidente Nicolás Maduro de “narcoterrorismo” y conspiración para traficar drogas. Michael Shifter, entrevistado por BBC, argumentó que los nuevos cargos de EE.UU. contra Maduro difícilmente contribuirán a una salida negociada en Venezuela.
On March 26, the Inter-American Dialogue hosted a conference call with Congresswoman Donna Shalala (D-FL, 27). The discussion centered around the spread of Covid-19 in Latin America & the Caribbean and how the United States can work with international partners to combat the pandemic.
This analysis offers a glimpse of the potential impact of the Coronavirus Disease 2019 (COVID-19) pandemic on US immigrants and family remittances. Past events involving worldwide crises can offer insight as to how this pandemic will likely affect remittance transfers. Considering migrants’ financial and health vulnerabilities as well as the forecast recession, a conservative estimate shows that remittances will register a -3 percent decline in 2020 relative to 2019, from $77 billion to $75 billion.
This report analyzes trends in remittances to Latin America and the Caribbean in 2019 and explores the factors related to slowing remittance growth. Family remittances to the region grew by approximately 8% compared to 2018 and totaled nearly US$100 billion, which stands in contrast to the region’s slower economic growth of 0.6%.
This report analyzes the role of money transfer intermediaries on migrants sending remittances to Latin America and the Caribbean. We look at the current modernization of the payments industry, specifically as it relates to digital payments, analyzes trends in transfer costs, and discusses the proposed changes to the ‘Remittance Rule,’ including the consequences they may have on remittance senders.
On March 19, the Inter-American Dialogue hosted a conference call with Alicia Bárcena and Santiago Levy. The discussion centered around the consequences of this pandemic for the global economy and the Latin American and Caribbean region in particular.
En un contexto de fragmentación regional como el actual, donde cada país está concentrado en sus propios desafíos domésticos, la OEA es una institución que cumple importantes funciones y cuenta con un personal dedicado, pero que persiste como poco más que una cáscara vacía. La elección del viernes no va a cambiar esa realidad.
Este nuevo informe resume las conclusiones acordadas en el taller regional de Montevideo sobre un paquete básico de prestaciones universales para la primera infancia.
