Migrant Remittances to Central America and Options for Development – Inter-American Dialogue

TEGUCIGALPA, HONDURAS. Family remittances sent to Honduras between January and April of this year totaled 3,608.9 million dollars, representing an increase of 20.9% compared to the same period of 2024, reported on Wednesday a report from the Central Bank of Honduras (BCH). During the first four months of 2024, the country had [...]

Migrant Remittances to Central America and Options for Development – Inter-American Dialogue

This article examines the role of family remittances in Central America, analyzing two dimensions of the flows—macroeconomic and household—identifying the links between these flows and development through finance, and offering recommendations to leverage these flows to mitigate shortcomings in the region’s economic growth.  Over the past thirty years, family remittances have emerged as the most significant economic activity among migrants, makin…