Sustained Remittance Growth in 2022

Manuel Orozco, Asha Richards ˙ ˙ Migration, Remittances & Development

A man counts Somali shilling notes having just exchanged US Dollars with a money changer on the streets of the Somali capital Mogadishu. Stuart Price/ Flickr / CC0 1.0
In the wake of the Covid-19 pandemic, remittances have become a much more important source of income for many people in Latin America and the Caribbean. It is projected that the growth rate will reach 14 percent in 2022 to nearly US$150 billion, equivalent to 5 percent of the gross domestic product in Latin American and the Caribbean countries...Read more +