Remittances have played a fundamental role in the external accounts of most of the Latin American economies. However, its role has not always been countercyclical. During the global financial crisis, remittance flows fell 12.8%. However, their behavior has been surprisingly positive during the current crisis.
To discuss the causes, characteristics, and effects of remittance flows to Latin America during the current crisis, we convened a recognized group of experts from international organizations, central banks, academia and think tanks.
Javier Pérez, Director of the International Economics and Euro Area Department.
Carlos Giraldo, Chief Economist, Latin American Reserve Fund – FLAR.