This post is also available in: Update – February 16, 2018 ; New Bill in Oklahoma and Nebraska – Contributed by the MSBA Georgia & Iowa move to leverage a tax on remittances – Financial Institutions are reacting In a previous blog (in Spanish), posted in the midst of the many reporter calls, especially from Latinamerica…Details
This post is also available in: THE FIRST AWARDS TO BRING FINTECH INNOVATION ON REMITTANCES FORWARD Selection is now open to the RemTECH Awards!. Nominees will be announced at the IMTC USA 2017 in San Francisco on June 13 and winners will be announced and awarded at the Global Forum on Remittances, Investment and Development…Details
Almost 10 years ago I wrote this poem entitled “encontrando espacio” (finding space) that was published in my 2008 poetry book “más allá del mar”. Italian composer, Massimiliano Agelao, created a song, entitled “vamos llegando” (we are arriving) that was recorded – and performed, by a young group of musicians and singers in Colombia, called Grupo Musicalizando.
The song and the poem are a tribute to all the men and women who courageously challenge borders in search of a better future for themselves and their families … a tribute to the migrants of the whole world. I these worrying times of massive walls and deportations, I felt that it was a good time to share it with you.
The poem and the song are in Spanish and the translation is just to help you understand it; it is not, by any means a poetic translation…Details
After a series of media interviews a couple of weeks ago, in a trip to Guatemala, I realized in a moment that I was witnessing a change in the public perception of remittances that I had not grasped before. Answering one by one journalist questions, it was unquestionable that I was witnessing a shift that I had not noticed before. After thinking about it, I could say that the shift is global although that doesn’t mean that a shift is happening in the same way or at the same time in every region or country in the world. Having been a part of the remittance industry for three decades I suddenly saw it very clearly. But I don’t want to get ahead of myself so let’s back up a little.Details
“It is the migrant, most of the time forgotten, who is sustaining the economy”
Diario La Hora – Guatemala – Jan 20, 2017
Hugo Cuevas Mohr, director of IMTC (International Money Transfer Conferences), has worked for years advising bank and non-bank institutions on international money transfers, payments and remittances. In preparation for the IMTC regional forum that will be held in Antigua, Guatemala in March 8-10, he visited the country to talk about migration and remittances, in a moment where the appointment of Donald Trump as President of the United States has brought the subject to the foreground.
Cuevas-Mohr warned that countries in the Central American region and Mexico should not wait to take preventive measures that could protect migrants should US authorities push for legal changes that affect them.Details
“Es el migrante, muchas veces olvidado, el que está financiando toda la economía”
Diario La Hora – Guatemala – Ene 20, 2017
Remesas se incrementaron por incertidumbre tras victoria de Trump
Hugo Cuevas Mohr, director de IMTC (Internacional Money Transfer Conferences), ha trabajado durante años asesorando a empresas bancarias y no bancarias sobre los asuntos de transferencias de dinero y remesas. Previamente al foro regional de IMTC que se llevará a cabo en la Antigua Guatemala en marzo, visitó el país para hablar sobre migración y remesas en el contexto del nombramiento de Donald Trump como presidente de los Estados Unidos. Cuevas-Mohr advierte que los países de la región centroamericana y México no deben esperar para tomar medidas preventivas que puedan proteger a los migrantes en caso de que las autoridades estadounidenses impulsen cambios legales que los afecten.Details
Remesas, impuestos, migración, deportaciones y la construcción del muro
Durante las primarias presidenciales republicanas del año pasado, Donald Trump expuso su propuesta de cómo forzar a México a pagar por el muro de 1,000 millas en la frontera entre Estados Unidos y este país. Los periodistas Bob Woodward y Robert Costa del Washington Post publicaron en Abril 5 de 2016 la noticia (http://wapo.st/2jbWHFn) en la cual Trump manifestaba su intención de amenazar a México con “cortar el suministro de remesas”. Trump envió en esta ocasión un memorando de dos páginas…Details
Miami, January 5, 2017 – IMTC, the premier events of the International Money Transfer & Payments Industry, has announced today that its first remittance & migration conference of 2017 will be held in Antigua, Guatemala at the Porta Hotel. IMTC LATAM 2017 will be it’s first conference in Central America and will draw attendees from the Americas & Europe.
Remittances to Guatemala will surpass US 7 Billion for 2016, an all-time high. Remittances to Guatemala have grown steadily since 2010 with an average growth of 6% per year, outperforming most of the countries in the region. But also El Salvador, Honduras and even Mexico has seen remittances grow in 2016, all of them reaching all-time highs. Remittances to Honduras are expected to reach 4 billion while El Salvador could reach 4.5 B when year-end statistics are published. Higher incomes in the US and Trump fears are cited as reasons for the increases.Details
Fears abound amidst growing speculation on what Trump’s new government will mean for migrants in the US and for Mexico and its remittances life-line.
I have been asked by many colleagues on what the Trump administration will mean to the industry and to remittances in general and I have basically kept quiet, scanning the news for its cabinet nominations to catch a glimpse, under all the noise and non-sense, of what could it all mean for our industry and to all the clients we serve in the United States. And with so much influence in the world, what happens in the US will surely affect the industry in many countries.