Migrant Dollars Still Flowing Into Central America Despite New Fee

Despite a new U.S. tax on some money transfers, remittances to Central America are still climbing, particularly in Guatemala, Honduras, and El Salvador. These countries received $15.852 billion between January and April, marking a 10.7% increase. This trend underscores the resilience of migrant remittances as a crucial economic lifeline for these nations, which rely heavily on funds sent by their citizens abroad. The continued flow of these dollars suggests that while new fees may cause concern, they haven't yet significantly impacted the remittance system.