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Guatemala remittances hit record US$1 Billion a month

For the first time in its history, Guatemala received $1 billion (7.7 billion Quetzales) from its emigrants in remittances in a single month. The record was set last month. And from January through October remittances totaled $8.7 billion, a year-on-year increase of 13.8%. The trend in...

Remittances to Central America are caught in Trump’s line of fire

As political tensions between Central American countries and the US ramp up, the cash flows are being caught in the line of fire. US president Donald Trump has begun to use remittances as a political weapon; in July he threatened Guatemala that unless it agreed...

Migrants through remittances prevent further collapse of the Nicaraguan economy

Remittances (remesas in Spanish) are the only source of support for the Nicaraguan economy, hit by rising unemployment, the decline in foreign and domestic investment, the reduction of exports, the credit drought and the deterioration of the purchasing power of households, such as consequence...

Northern Triangle Exceeds US$ 10 billion in remittances

Remittances sent by migrants to Guatemala, El Salvador and Honduras, the Northern Triangle of Central America, exceeded US$10 billion dollars between January and July of this year, according to their central banks. Guatemala leads with the highest flow of dollars and a growth of 10.62%...

Nicaragua: Remittances Could Alleviate Possible Blows To The Economy

Nicaragua received US$353 million of remittances in the first quarter of 2018, according to the Central Bank of Nicaragua (BCN), a 9.3% increase over the first quarter of 2017, when they totaled US$323.3 million. In January of this year, family remittances generated US$112.9 million (10.58%...

U.S. Remittances To Costa RicaUp In First Quarter of 2017

According to data published by the Banco Central (Central Bank), as part of the quarterly balance of payments (which records Costa Rica's transactions with the rest of the world), the country's total remittance income in the first quarter reached US$127 million, which US$99 million...

Nicaragua Economic Activity Up 4.9% up to April 2017

TODAY NICARAGUA – From a report by the Central Bank of Nicaragua, in April, the monthly index of economic activity (IMAE) grew by 4.9 percent compared to April 2016. Meanwhile, the annual average variation was 4.9 percent and accumulated growth in the January-April period resulted...

Nicaragua Remittances Up 6%

Remittances to Nicaragua up 6% in 2016 over the previous year, the majority of coming from the United States and Costa RicaTODAY NICARAGUA – Many households Nicaragua depend on remittances, money received from abroad, be it a few dollars or hundreds of dollars. During the...

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