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Immersed in the Covid-19 pandemic, in August remittances to Latin America and the Caribbean continued to increase: Mexico (+5.3% at an annual rate), Dominican Republic (+22.5%), El Salvador (+18.7%) , Guatemala (+7.1%), and Colombia (+0.3%).
45.9% of women and 31.3% of men who sent remittances do so to cover health expenses (medical attention, medicines, laboratory tests, hospital, etc.) in households in Mexico. By the end of 2020, remittances could reach USD $ 39.4 billion, + 8.1% y/y.
In the second quarter of 2020, very marked differentiated effects were seen in remittances by region. The states of the Northwest region and the Traditional region presented increases in their flow of remittances, while the Central and South-So…
Remittances to Mexico are unstoppable, despite the difficult economic conditions due to the Covid-19 crisis, 3,379 million USD reached Mexico, + 3.0% compared to the same month last year. In real terms, due to the exchange rate depreciation, th…
Despite the unemployment rate increasing from 4.4% to 14.7% between March and April in the U.S. the flow of this resource fell by just 2.6% during April, amounting to USD 2,861 million. In April, remittances to Guatemala fell by 20.2%, while re…
Immersed in the global crisis by Covid-19, remittances to Mexico reached a record of 4,016 million dollars in March. This is equivalent to a 35.8% growth, an increase not seen for 16 years. The sudden increase is partly explained by the strong appreciation of the US dollar against the peso, which increased by 25%.
Due to the uncertainty regarding its duration, it is difficult to estimate the impacts of the Covid-19 crisis on the flow of remittances to Mexico. This article makes an estimate based on the effects of the past global financial recession of 2008/2009 on remittance flows. Three scenarios are presented.
For the fourth consecutive year, remittances exceeded their historical maximum. 94.6% of remittances come from the US. Michoacán (3,584 md), Jalisco (3,499 md) and Guanajuato (3,286 md) were the main recipients of remittances in 2019. Remittanc…
The Government of Mexico presents the National Development Plan 2019-2024, with migration being one of its 12 guiding principles. The Plan seeks to prevent people from migrating due to lack of opportunities or insecurity. In March, 2,897md in r…
The government presented a ten-point summary of its Migrant Protection Strategy for 2019–2024, which details: 1) a new vision focused on migrants' rights and 2) the expansion of the mobile consulate system to reach the most remote populations.
Of the remittances received by Mexico in 2018, 94.1% came from the U.S., 97.7% were sent by electronic means and 71.7% were disbursed in non-banking institutions. 7 states accounted for half of the remittances that arrived in the country: Michoacán (US$3,393 millon), Jalisco (3,288), Guanajuato (3,046), Mexico (1,903), Oaxa…
October was the 31st consecutive month of positive year-on-year growth in remittances, with a total of US$2.94 billion being sent to Mexico, representing year-on-year growth of 3.4%.
