The Remittances and Development Program (PRYD) carried out by the Center for Latin American Monetary Studies (CEMLA), together with the International Fund for Agricultural Development of the United Nations (IFAD) hosted the Annual Meeting of The Remittances Program and Development and Presentation of The Remitscope LAC Platform at CEMLA´s headquarters in Mexico City, on November 29, 2024, from 9:00 to 13:15 hrs, Mexico City time.
The first step for the effective analysis of policies that could improve the productive use of remittances and support the development of recipient households and LAC countries is to have information, organized, structured, and easily accessible, that allows evaluating the aspects key to remittance, migration and their relationship with development, which will allow identifying possible measures that can support decision-making in these cases. To achieve this, RemitScope LAC, which includes all the information available on different aspects of remittances, migration, and their relationship with financial inclusion and development has been developed.
To create the platform, information was consolidated through online data, consultations, surveys, and interviews in each country, as well as with the participation of some Central Banks that complemented the official information on these topics.
The event aimed at officials from central banks, bank superintendencies, financial sector supervisory entities, statistical institutes, officials from the remittance industry, and others involved in the issue of migration, remittances, and development.
The event was in person and virtual format, in Spanish with simultaneous translation into English.
On behalf of CEMLA, the event is coordinated by René Maldonado, +52 55 5061 6663, rmaldonado@cemla.org; supported in logistics by Rocío Ramírez Peña, +52 55 5061 6663 mramirez@cemla.org.
