Nicole Ledesma joined the Inter-American Dialogue in 2020 and currently serves as an Associate in the Migration, Remittances, and Development Program. Prior to working at the Dialogue, Nicole worked as an Associate at DAI LLC providing operational support to Honduras’ Local Governance (HLG) and Ukraine’s Transparent, Effective, and Accountable Municipalities (TEAM) two, USAID-funded projects. In 2019, in collaboration with the Inter-American Dialogue, Nicole conducted interviews and surveys of refugees and over 300 migrants in Costa Rica to provide insight on push and pull factors, financial access and inclusion, and remittance trends. Previously, she investigated international bribery in her role as a contractor at the US Department of Justice’s Foreign Corrupt Practices Act Unit. Nicole continues to work on legal matters assisting Searby LLP with its cases and investigations. Nicole holds a BA in Economics and International Affairs with a concentration in Development from American University.
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.
Intra-regional migration in the Americas has increased since the 1990s and doubled between 2000 and 2017. Ecuador’s transformation in the last ten years from a traditionally migrant sending to a migrant host and transit nation further illustrates this growing pattern of intra-regional migration.