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Family Remittances in 2024: Looking Ahead amid Possible Shifts in Flows

Manuel Orozco, Patrick Springer ˙ ˙ Migration, Remittances & Development

Photo of woman holding Guatemalan Quetzal banknotes Rochu_2008 / Adobe Stock / Enhanced license
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 +

Sending Money to Mexico: Slowed Growth in 2024

Manuel Orozco, Patrick Springer ˙ ˙ Migration, Remittances & Development

Photo of FINABIEN card Financiera para el Bienestar / Gobierno de México
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 +

Today’s Challenges for Salvadorans in the face of the Current President’s Legacy

Manuel Orozco ˙ ˙ Migration, Remittances & Development

Photo of San Salvador Julio / Adobe Stock / Extended license
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 +

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 +

Entrepreneurs Thrive through Business Coaching

Emma Leonardo Solorzano ˙ ˙ Migration, Remittances & Development

Cities Alliance and UNOPS logo
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 +

Thriving Through Financial Inclusion

Emma Leonardo Solorzano ˙ ˙ Migration, Remittances & Development

Cities Alliance and UNOPS logo
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 +