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Mexico & Nafta - February 2010 (ISSN 1741-444X)

What Mexico's record drop in remittances means

On 27 January the Banco de México reported that the inflow of remittances fell 15.7% year-on-year in 2009 to US$21.2bn. This is the biggest ever annual fall in what has become a crucial support for some of the poorest communities in Mexico. What is truly worrying about the fall in remittances to Mexico is that the fall is greater than that to other countries, both in the region and around the world.

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