The World in Turmoil
By ANTONIO GARZA, former U.S. ambassador to Mexico
Read moreTag Archives: remittances
Mexico Registers Record $51.6 Billion in Remittances in 2021
XINHUA Mexico received a record $51.594 billion in remittances in 2021, according to a report released Tuesday, Feb. 2, by the Central Bank of Mexico (Banxico). The amount of money that Mexicans living abroad sent home to their families last year was 27.1 percent higher than the amount in 2020, when the country received $40.605 in remittances, Banxico data showed.
Read moreRemittances Due to Surpass Some Latin American Economies
By THE PULSE NEWS MEXICO STAFF Financial remittances by Mexican ex-pats to their families back in Mexico are expected to reach a historic high in 2021 for the sixth consecutive year, and to represent more wealth than the entire GDP oh countries such as Venezuela, Bolivia and Paraguay, according to a recent report from the Center for Latin American Monetary
Read moreMigrants Denounce AMLO’s Claims of Responsibility for Remittances
By KELIN DILLON While Mexican President Andrés Manuel López Obrador (AMLO) has claimed credit for the record number of remittances flowing into Mexico, representatives of the National Front of Immigrants have criticized the executive for his words, laying blame on AMLO for making Mexico an unattractive place to work. More than $4.54 billion was sent to Mexico from workers in
Read moreRemittances to Mexico Surge by 39 Percent
By KELIN DILLON Mexicans working abroad in the United States who send money back home to their families in Mexico, better known as remittances, increased the amounts they sent by 39.1 percent in April, the largest surge in remittances the country has seen in 18 years. Remittances reached $4.047 billion in April, more than $1.5 billion dollars more than recorded
Read moreNorth America’s (Virtual) New Era
By ANTONIO GARZA, former U.S. ambassador to Mexico
Read moreMexico 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
Read moreThe 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
Read moreUN Says Migration Down 27 Percent Due to Covid
XINHUA The covid-19 pandemic may have slowed international migration flows by around 2 million people last year, cutting the annual growth expected since mid-2019 by around 27 percent, according to a report by the United Nations released Friday, Jan. 15. International Migration 2020 Highlights, published by the UN Department of Economic and Social Affairs (DESA), shows that since the year
Read moreBanxico Reforms Postponed until 2021
By KELIN DILLON Considerable controversy has arisen in Mexico over the Senate’s approval of reforms to the Bank of Mexico (Banxico), known as the Monreal Law, named after Senator Ricardo Monreal, who drafted the bill. Now, Secretary of Finance and Public Credit (SHCP) Arturo Herrera Gutiérrez has announced a postponement of these reforms until February 2021. “Clearly, very important implications
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