This briefing note offers insights as to whether cryptocurrency is an active form of currency transaction for family remittances to Latin America and the Caribbean.Read more +
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 +
This briefing offers an update on remittance growth in Mexico for 2024 by looking past trends as well as key issues. Additionally, the memo shows how government policy has sought to intervene at the point of sending or receiving in certain ways, and that the overall upward trend is sustained by migration and remittance frequency. Lastly, the memo signals a slowdown in principal sent that is partly associated with microeconomic inflationary trends.Read more +
Setting aside the debate surrounding the legitimacy and popularity of President Nayib Bukele, he has a number of challenges ahead of him in the social, political, and economic sphere. In large part, these challenges are his legacy as they result from the decisions implemented in his first presidential term. Paradoxically, when it comes to overcoming the country's main problems, President Bukele is his own worst enemy.Read more +
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 +
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 +
This blog refers to the “Thriving in San Marcos” initiative carried out in partnership with Cities Alliance and the Swiss Agency for Development and Cooperation. “Thriving in San Marcos” promotes strong local economies in the MANCUERNA region of Guatemala through access to credit and business coaching for entrepreneurs in collaboration with financial institutions and civil society organizations.…Read more +
This blog refers to the “Thriving in San Marcos” initiative carried out in partnership with Cities Alliance and the Swiss Agency for Development and Cooperation. “Thriving in San Marcos” promotes financial access and inclusion in the MANCUERNA region of Guatemala through financial education in close collaboration with financial institutions. MANCUERNA encompasses municipalities across San Marcos and Quetzaltenango,…Read more +