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This briefing offers a descriptive perspective regarding remittance transfer growth in 2024. We point out that, this year, flows will experience less than six percent growth. The memo highlights some insight on migration, historic growth, competition in the marketplace, and what growth can be expected for 2024.Read more +
Federico Parra / Flickr / CC BY-NC 2.0 DEED
On December 3, President Nicolás Maduro held a referendum asking citizens whether the Essequibo region should be “reclaimed” as part of Venezuelan territory. Whether prompted by the 2015 discovery of abundant oil reserves, or the need to gain popularity before the 2024 presidential elections, Maduro ordered Petróleos de Venezuela, SA…Read more +
Servicio Nacional de Migración de Panamá / Twitter
This piece offers a look at the current migration trends and points to large differences that characterize this situation as a crisis: the scale, composition, nature, and management of migration is outside conventional or historical patterns. Aspects of this unprecedented migration pattern are not within the control of government authorities and policy makers. The recent migration wave to the US border has been referred to as a crisis. Media references point to the drama of people arriving and passing through the Darien, Central America, and Mexico to characterize the problem. Others have pointed out the increasing arrivals into US cities in numbers that are hard to manage by local communities.Read more +
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Dialogue Non-Resident Senior Fellow Ángel Melguizo and Victor Muñoz distill key findings from a recent report on IoT technology and prospects for broader application in Latin America and the Caribbean.Read more +
Tennen-Gas / CC-BY-2.0 / Wiki Commons
Will Latin America's critical minerals spur a "green resource curse" this century? What kinds of policy tools are available to mitigate the risks?Read more +
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The Context In the last 10 years, Haiti has turned into one of the most remittances dependent countries in the world. Indeed, migrants’ transfers went from 12 percent of GDP in 2012 to more than a quarter of it in 2022 at around US$3.5 billion. They are by far the…Read more +
Photo by Sam Bojarski/The Haitian Times
Introduction This blog examines the role of remittances on Haiti’s economy. It points to its growing relevance over time, and the dependence on transfers from the US, while describing Haiti’s deteriorating social, political and economic context. The blog also points to a drop in flows in 2022 — which may…Read more +
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This blog examines remittance sending costs to eight Latin American and Caribbean countries and considers that the most important reality shaping the money transfer intermediation industry is that is tied to a global currency market.Read more +
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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 +
Covid-19 has accelerated digitalization all over the world. Things that chief technology officers had planned to be implemented in years had to be put in place in weeks, or even days. E-commerce, e-payments, remote work, video calls and streaming are now essential parts of our social and productive lives. Indeed, some in-person activities are gradually coming back, but a significant part of our day-to-day activities will likely become digital forever.Read more +
Marvin Recinos —AFP/GETTY IMAGE
Despite a severe continued deterioration of health conditions among Latin American and Caribbean countries, and a slower than expected economic recovery in 2021, migrant remittance transfers will grow 25% relative to 2020, which had already increased 9%. Read more +
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Ha desatado polémica la reciente visita a Cuba del cardenal Sean Patrick O'Malley, arzobispo de Boston. La llegada del Cardenal a la Isla ocurre justamente a dos meses de las multitudinarias protestas ocurridas en Cuba los pasados días 11 y 12 de julio. Desde sectores del laicado católico, la oposición política, la sociedad civil, y el exilio de Miami, se afirma que se trata de una “operación” de “lavado rostro” al gobierno cubano -con la ayuda de la jerarquía católica local- luego de los acontecimientos de julio pasado, que arrojaron cientos de encarcelados, sobre todo jóvenes.Read more +
