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LatinNews Daily - 07 September 2020
In brief: Remittances to Guatemala continue to recover
* Guatemala’s central bank (Banguat) has released new figures which show that remittances to Guatemala continue to show signs of recovery, having slumped earlier this year due to the impact of the coronavirus (Covid-19) pandemic and the employment situation in the US, which provides the source of most remittances. According to the latest Banguat figures, remittances totalled U$1.05bn for the month of August, slightly down on the US$1.07bn reported in July but a significant increase on the US$690.8m reported in April – the lowest amount registered this year. Remittances have since picked up – with US$836.76m registered in May and US$963.3m in June. Total remittances for the first eight months of 2020 were US$7bn, up from US$6.85bn in the same period last year.
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