Bank Account Closures & Family Remittances
It has become increasingly difficult for remittance companies to access banking services. This memo analyzes current trends in bank account closures and discusses their implications for family remittances.
Family Remittances from Latin America and the Caribbean 2023: Outbound Transfers
Jason Leung / Unsplash / CC
On November 1, 2023, the Inter-American Dialogue released the presentation "Family Remittances from Latin America and the Caribbean 2023: Outbound Transfers" that contains research from Manuel Orozco, director of the Migration, Remittances, and Development program. The research contains data and insights on the current outbound remittance market to several key corridors including Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, Panama, and Peru. Additionally, Orozco includes his analysis on inbound markets and adds his projections for future trends. Remittances to Nicaragua are slated to see another 40 percent increase, while Haiti and Jamaica will experience negative growth.
For the latest analysis on family remittance and migration trends, learn more about the Dialogue's Remittance Industry Observatory (RIO).
Download the slides here:
Downloads
Related Links
- Family Remittances to Latin America and the Caribbean 2023
- The Scope of Transnational Economic Engagement in Latin America and the Caribbean
- Venezuela: Remittances as a Source of Foreign Exchange and Economic Survival
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