Remittances to Latin America and the Caribbean – 2019 Emerging Challenges

This report presents the annual trends of family remittances to Latin America and the Caribbean in 2019. Overall, we find a continued but slowed growth in the flow of funds. This continued growth is possibly associated with political deterioration in several countries that resulted in increased out-migration and the need to send funds to relatives. This context combined with restrictive immigration policy throughout the region, reduces the number of potential, new remittance senders by limiting their entry into the sending country while at the same time making existing immigrants send more money out of fear.