Fears in Nicaragua over possible downturn in migrants' remittances

The amount of dollar remittances sent home by Nicaraguans working abroad has not increased at all this year and some economists fear it will go down, to the cost of the nation's economy.

Wednesday, July 2, 2008

The central bank, the BCN, continues to claim that remittances this year will show a 6 percent increase, but many economists say that the difficulties faced by the US economy have put that target out of reach.

More on this topic

Remittances at Risk: The Trump Factor

January 2017

The US president is already putting into practice his premise "America First", which leads Central America to anticipate negative changes in the flow of remittances from that country.

From a statement issued by the Central Institute for Fiscal Studies (Icefi):

Remittances for $13.06 billion to Central America in 2011

March 2012

By country: Guatemala $4.37 billion; El Salvador $3.65 billion; Honduras $2.86 billion; Nicaragua $1.05 billion; Panama $592 millions; Costa Rica $530 millions.

Inter-American Development Bank Report:

Remittances to Latin America and the Caribbean rose to $61 billion in 2011

Remittances to Guatemala fell by 9% in July

August 2011

After 16 months of continuous growth, remittances in July were down 9% compared to the same period in 2010.

According to the Bank of Guatemala (Banguat), remittances received in July totaled $349.8 million, 9% less than the $384.6 million received in the same month in 2010.

IDB sees remittances to Latin America declining in 2009

March 2009

Fourth quarter of 2008 registers first decline in nearly a decade. Flows of money sent home by migrants hit by economic slowdown, exchange rate swings

After almost a decade of growth, remittances to Latin America and the Caribbean are likely to decline in 2009 for the first time since the Inter-American Development Bank started tracking these flows in the year 2000. Remittances have been decreasing since late 2008.

 close (x)

Receive more news about Economics

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Partner needed for financing/construction in Punta Leona, CR

I have six building lots in the Punta Leona Resort ready for construction. I am looking for a partner to provide financing and or construction.
Wanted partner for financing and/ or construction in the...

Stock Indexes

(Apr 21)
Dow Jones
-0.15%
S&P 500
-0.30%
Nasdaq
-0.11%

Commodities

(Apr 24)
Brent Crude Oil
52.780
Coffee "C"
132.90
Gold
1,275
Silver
17.825