IMF plans to reduce remittances from the US to Latin America

The International Monetary Fund (IMF) foresees a decrease in money sent to households in Latin America by migrant workers in the United States, particularly Mexico and Central America, which will have an impact on consumption and economic activity.

The International Monetary Fund (IMF) predicted that remittances will be affected by the United States' immigration policy, which will hurt economic prospects due to its implications for the labor market. It also called on Latin America and the Caribbean not to postpone fiscal consolidation in countries that have increased public debt, but without public spending cuts affecting the budget allocated to social programs and infrastructure.

The IMF anticipates a decrease in money sent to households in Latin America by immigrant workers in the United States, with a particularly hard effect in Central America.