Tag Archives: migrant workers

Mexico Proposes New Remittance Facilitation Plan

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By RICARDO CASTILLO Mexico’s top financial authorities issued an alternative banking program to help Mexican migrant workers in the United States make the most out of their remittances, which in 2020 amounted to over $40 billion. The alternative banking plan comes as a response to the Bank of Mexico bill proposed by the country’s majority party, the National Regeneration Movement

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Mexico Could Receive $40 Billion in Remittances in 2020

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XINHUA Mexico could receive a record $40 billion in remittances in 2020, helping to drive domestic economic recovery, Mexican President Andrés Manuel López Obrador (AMLO) said on Monday, Aug. 24. “Remittances continue to grow, despite the pandemic,” the president said during his daily morning press conference at the National Palace in Mexico City. “This year we are going to receive

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