Tag Archives: remesas

Mexico Proposes New Remittance Facilitation Plan

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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The View from the North: It’s the Remittances, Not Poverty

By SILVIO CANTO, JR. On Saturday, Jan. 23, U.S. President Joe Biden and Mexican President Andrés Manuel López Obrador spoke by phone. According to news reports, the Mexican president said that the United Stats has pledged $4 billion to Central America. in development investment programs. I guess that Biden is hoping that money going south will keep caravans from going

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