sábado 21 de diciembre de 2024
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Remittances to Latin America–the Caribbean moderate their growth in 2024

Caribbean News Global (CNG) December 6, 2024, Latin America/Caribbean (CNG): A new report from the Inter-American Development Bank (IDB) projects that remittances to countries in Latin America and the Caribbean will reach a historic high in 2024 despite growing at their slowest pace in ten years and returning to levels of increase prior to the exceptional growth they showed during the COVID-19 pandemic. If the trend continues, the region will receive $161 billion in remittances in 2024, a 5 percent increase compared to 2023.

What could Trump’s election victory mean for Latin America?

Tougher trade policy: Trump has floated the idea of a 10.0–20.0 percent baseline tariff on all imports. If realized, this would thump the more US-dependent Latin American economies – particularly Mexico and Central America. In addition, Trump is likely to attempt to renegotiate the USMCA (United States, México, Canadá) trade agreement when it comes up for review in 2026. This could leave Mexico – one of the three signatories to the deal along with Canada and the US-worse off.

Caricom made significant contributions in many areas

Saint George’s (CNG) Guyanese president Mohamed Irfaan Ali highlighted here that the Caribbean Community (Caricom) has achieved significant contributions in many areas including biodiversity, justice, climate change, agriculture, and sports, at the opening ceremony of the 47th regular meeting of the conference of heads of government.