Migrant Remittances & Development in the Global Economy
How do patterns of migration and remittances differ across regions? What kinds of frameworks support the contributions of remittances to local development?
This post is also available in: Español
On January 12, 2024, the Inter-American Dialogue released the report "Prosperity and Progress in Intermediate Cities: Making Development Impacts through Remittances." The report, produced by Manuel Orozco, director of the Migration, Remittances, and Development program, Jaqueline Barrios, country coordinator for Guatemala, and Patrick Springer, program associate, reviews results and impacts of the program's local development initiative in the Guatemalan municipalities of San Marcos and Amatitlán.
With the support of the Cities Alliance and the United Nations Office for Project Services (UNOPS), the Prosperity and Progress in Intermediate Cities initiative is based on the knowledge that investments in human capacity by improving financial access, ensuring gender equality, and addressing climate adaptation have positive impacts on development. Since April 2023, the program has been advancing these goals through its four components:
How do patterns of migration and remittances differ across regions? What kinds of frameworks support the contributions of remittances to local development?
The results of a recent financial education project informed a wide-ranging discussion on financial inclusion strategies in Mexico.
In 2014, remittances to Latin America and the Caribbean grew 4%, reaching at least $62.3 billion.