LatinNews Daily - 02 June 2026

*Mexico’s central bank (Banxico) has released remittance figures for April 2026, announcing that remittances to the country totalled US$4.98bn. This represents a 3.7% increase year-on-year but is down from US$5.39bn in March. Gabriella Siller, director of economic analysis at Mexican private bank Banco Base, attributed this decrease to migrants’ fears of being deported if they go out to work in the US. Siller equally noted that although remittances tend to fall in monthly terms in April, this year “was the greatest since 2020”. Nonetheless, April represents the third consecutive month of annual increases in the remittance total, following an increase of 4.9% in March and 0.4% in February. From January-April 2026, remittances totalled US$19.68bn, up 2.6% on the US$19.18bn received during the same period in 2025. Remittance inflows last year totalled US$61.79bn, down from the US$64.75bn received in 2024 and US$63.31bn in 2023.