Latin America and the Caribbean are on track to post a 16th consecutive year of record remittance inflows, even as growth shows clear signs of slowing, according to a new report by the Inter-American Development Bank (IDB).
The IDB estimates that remittances to the region reached a new high in 2024 and are expected to continue rising in 2025, extending a record-breaking streak that began in 2010. The flows remain a key source of household income and foreign currency across much of the region, particularly in Central America, the Caribbean, and parts of South America.
