REMITTANCES TO LATIN AMERICA AND THE CARIBBEAN


Access the latest data on remittances flows to the region.The report on remittances in 2013 indicates that last year the region received a total of US$61.3 billion sent by migrants to their countries of origin.

Download "Remittances to Latin America and the Caribbean in 2013: Still Below Pre-Crisis Levels".

Press Release June 10, 2014: Remittance flows up in Central America and Caribbean, down in Mexico and South America

Download the infographic
 


PREVIOUS EDITIONS

Access previous editions of the yearly MIF
remittances report. 

 Report 2012 
Press release
 Remittances interactive map 2012 
 Report 2011 

ABOUT THE MIF'S WORK ON REMITTANCES

When the MIF began studying remittance flows in 2000, they were often inaccurately recorded and largely hidden in the “errors and omissions” columns of central bank balance of payments records. Since then, the MIF has raised overall awareness about the true volume of these flows, and has also focused on achieving two main goals:

(i) reducing the average cost of sending remittances to Latin America and the Caribbean, and
(ii) increasing the number of families receiving remittances through the formal financial system
.

The MIF has launched approximately 40 pilot projects exploring various ways to “bank the unbanked” and enhance the development impact of the over 250 million money transfers made every year to families across the region. Through practical project experience and the knowledge generated by its research on remittance market trends, the MIF remittances work continues to address the challenge of financial inclusion, looking to determine the role remittances can play in increasing access to finance for underserved populations throughout the region.

Contact the MIF remittances team