Displaying items by tag: Remittance flows

The World Bank forecasts that remittance flows to low- and middle-income countries will slow to 2.4% in 2024, mainly reflecting slowing economic growth in several high-income countries.

Officially recorded remittance flows to low- and middle-income countries are expected to grow by 1.4% to US$656 million in 2023, while economic activity in remittance-sending countries is expected to slow, limiting employment and wage increases for migrants, according to the latest Migration and Development Review published by the World Bank.

The U.S. Federal Reserve (FED) will continue to increase interest rates in the coming months in order to address inflation and this could have consequences in the dollarized salvadoran economy, which depends on the flow of remittances.