On March 30, 2022, the Inter-American Dialogue hosted a public roundtable titled “Interpreting Increased Remittances to Latin America and the Caribbean,” centered on the recent increases in the flow of remittances toward Latin America.
Remittances to Latin America and the Caribbean surpassed US$70 billion in 2016, representing a critical source of income for the region. Two new Dialogue studies shed light on remittances, emerging technologies in methods of transfers, and opportunities for financial inclusion. These studies were presented and discussed on May 17th at an event moderated by Peter Hakim, President Emeritus of the Dialogue, and featuring speakers Manuel Orozco, the Director of the Dialogue’s Migration, Remittances, and Development Program, and Daniel Ayala, the Executive Vice President and Head of Global Remittances Services for Wells Fargo.
Central America faces a wide range of challenges in the global context, of which organized crime, access to trade and financing, and outbound migration are a few. This is a compilation of the most relevant Dialogue’s reports on the region.
This article analyses financial access in El Salvador, delving into its characteristics and determinants. The article also presents the impact of a financial inclusion strategy to increase savings formalization rates among the population. The analysis is based on a financial advising project for more than 17,000 Salvadorans at branches of…