On April 2, Manuel Orozco, Mariellen Jewers, Piero Coen and Gene Nigro discussed the economic and health consequences caused by Covid-19 to migrants and how it impacts Latin America and the Caribbean. Estimates show that remittances to LAC countries will register at a negative seven percent decline in 2020.
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.
La exclusión y la expulsión son los resultados de estructuras estatales dañadas, afectadas por muchos países en condiciones estatales fallidas, así como la ausencia de consenso o polarización social y política sobre el tipo de sujeto político que conforma la sociedad moderna.
Manuel Orozco interviews with Gabriela Fías of CNN Global Portfolio to discuss the relationship between political instability and remittances, highlighting the impact of US foreign policy on Latin American countries.
Manuel Orozco, director of the Migration, Remittances & Development program at the Inter-American Dialogue, presented at the International Money Transfer and Payments Conference.
Understanding the future of migration and how it affects the region can offer cues as to the direction countries will take.
The September 2019 Newsletter of the Remittance Industry Observatory looks at Nigeria, a country with a complex history of migration and some of the largest remittance flows in Africa and presents a summary of a recent Congressional Hearing on Facebook’s proposed mobile wallet, Calibra.
On April 4, the Inter-American Dialogue hosted its yearly event on remittances to Latin America and the Caribbean, “Remittances to Latin America and the Caribbean in 2018.” The event brought together a panel of experts for a discussion of 2018 remittance flows, the outlook for 2019, and issues influencing the marketplace.
Each year, the Inter-American Dialogue analyzes remittances to the region, identifying areas of growth and new trends that are impacting how people send and receive money. Family remittances to Latin America and the Caribbean reached $85 billion in 2018, an important financial flow and a critical source of support for many households in the region.
Family remittances to Latin America and the Caribbean experienced nearly 10% growth in 2018, one of the largest growth rates in the past 10 years. Growth in remittances stands in stark contrast to the sluggish 1.9% economic growth rate for the region. The countries with the highest remittance growth rates in 2018 included Haiti, Colombia, Brazil, Guatemala and Paraguay.
Con los cambios de la política migratoria de Estados Unidos, se cuestiona el impacto que la finalización del Estatus de Protección Temporal tendrá sobre los países que envían remesas a sus países de origen. Manuel Orozco comenta para CNN sobre el impacto en Honduras, Nicaragua y El Salvador.
On January 25, 2018 the Inter-American Dialogue’s Migration, Remittances & Development Program hosted “Remittances to Latin America and the Caribbean in 2017,” an annual event presenting remittance flows to the region.
Remittances to Latin America and the Caribbean grew over 8% in 2017, according to new research by the Inter-American Dialogue.