Dec. 1 (UPI) -- Money sent home from abroad to Latin America and the Caribbean is expected to hit a new record in 2025, reaching about $174.4 billion, according to a report from the Inter-American Development Bank.
If the projection holds, the region would mark 16 consecutive years of growth in money sent home by migrants, solidifying remittances as one of its main sources of external income.
The projected amount represents a 7.2% increase from 2024, when regional remittances were estimated at $162.7 billion, underscoring the resilience of these flows amid economic uncertainty, shifts in migration policy and slowing growth in developed economies.
The IDB report notes that despite this challenging environment, migrants have continued supporting their families through steady transfers that in some countries have even grown.
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