LatinNews Regional Monitor: Andean Group - 30 January 2020

* Colombia’s central bank (Banrep) has announced that remittances rose by 7.1% in 2019, as Colombians living abroad sent back a total of Col$22.2trn (US$6.77bn), setting a national record for the fourth consecutive year. The national statistics institute (Dane) emphasised that remittances increased above the rate of inflation, and reported that recipients enjoyed a 14.5% boost in real terms purchasing power.

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