POSTPONED: Remittances to Latin America and the Caribbean in 2019

Out of increased safety concerns regarding COVID-19 this event at the Inter-American Dialogue has been postponed. We look forward to hosting you at one of our events soon.

 

According to the Dialogue’s latest 2019 Annual Remittances Report, family remittances to Latin America and the Caribbean last year grew by approximately six percent, totaling nearly US$100 billion. The growth in remittances stands in contrast to the region’s slower economic growth of 0.6 percent.

Venezuela, Honduras, Nicaragua and Guatemala are among the countries with the highest levels of remittance growth for 2019. Factors driving growth vary by country and include restrictive immigration policies as well as rising intra-regional migration – mostly related to political instability. At the same time, the ways that people are sending money are evolving as the marketplace for money transfers becomes increasingly competitive and digitalized.

To discuss these trends, the Dialogue is pleased to host a panel discussion on Tuesday, March 17th from 12:00 – 2:00 PM featuring, Gene Nigro, Vice President of Global Business Development at Remitly; Laura Porras, Program Officer for Plan International; Liz Alicea-Velez, Director of Latin America and Caribbean for MoneyGram; Mario López, Vice-Chairman at Tigo Guatemala; and Piero Coen, CEO and President of Grupo Coen. The panel will be moderated by Manuel Orozco, Director of the Dialogue’s Migration, Remittances and Development Program who wrote the report. The discussion will focus on 2019 remittance flows, their relationship to migration and current competition patterns within the industry.

This event is part of the Inter-American Dialogue’s Remittance Industry Observatory, an initiative that seeks to share information and analysis about the remittance market.

Follow this event on Twitter at #Remittances2019, @The_Dialogue and @RemittancesIAD 

 

A light lunch will be served.

Introductory Remarks:

Denisse Yanovich

Deputy to the President and Director for Development, External Relations and Special Projects, Inter-American Dialogue

Speakers:

Gene Nigro

Vice President of Global Business Development, Remitly (@Remitly)

Laura Porras

Program Officer, Plan International (@Lporrasal)

Liz Alicea-Velez

Director of Latin America and Caribbean, MoneyGram (@MoneyGram)

Mario López

Vice Chairman, Tigo Guatemala (@Tigo_GT)

Piero Coen

President and CEO, Grupo Coen (@PieroPCoen)

Moderator:

Manuel Orozco

Director, Migration, Remittances and Development, Inter-American Dialogue (@Manuelorozco65)