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.
A light lunch will be served.
Deputy to the President and Director for Development, External Relations and Special Projects, Inter-American Dialogue
Vice President of Global Business Development, Remitly (@Remitly)
Program Officer, Plan International (@Lporrasal)
Director of Latin America and Caribbean, MoneyGram (@MoneyGram)
Vice Chairman, Tigo Guatemala (@Tigo_GT)
President and CEO, Grupo Coen (@PieroPCoen)
Director, Migration, Remittances and Development, Inter-American Dialogue (@Manuelorozco65)
- Remittances and their Relationship with Political Crises in Latin America
- Trends in Migration, Remittances, Markets and Development to Latin America and the Caribbean
- Economic Growth and Family Remittances to Central America in 2018
- Fact Sheet: Family Remittances to Latin America and the Caribbean in 2018