In June, there was an adittional improvement of employment of Mexican immigrant workers in the U.S. In addition, their unemployment rate declined from 17.1 per cent in April to 13.4 per cent in June.
Notice COVID-19 |
Given the health risks associated to the spread of the COVID-19 disease, the Activities Program for 2020 has had important adjustments, and is still susceptible to change, depending on the evolution of the pandemic. We suggest you frequently check the Calendar of Activities. |
CEMLA since 1952 is the Association of Central Banks of Latin America and the Caribbean.
Our main objectives are: To promote a better understanding of monetary and banking matters; help with improving the training of central bank staff; conduct research and systematize the results, and provide information to members about events of international and regional interest in the areas of monetary and financial policies.News
New advance in June of the employment of Mexican immigrant workers in the United States
Jesús A. Cervantes Gónzalez, Nota de Remesas 6/2020 (Spanish)
The VI edition of the Forum, was held in Virtual Format, on 27 - 29 May 2020. It was very well attended by 144 representatives from 27 countries from Latin American, the Caribbean and Europe (Argentina, Barbados, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, France, Germany, Guatemala, Honduras, Italy, Mexico, Nicaragua, Panama, Peru, Portugal, Spain, Suriname, Switzerland, Trinidad & Tobago, United States of America, Uruguay and Venezuela), including associates and collaborating members.
In May the employment of Mexican immigrant workers in the United States slightly improved
Jesús A. Cervantes Gónzalez, Nota de Remesas 5/2020 (Spanish)
The suspension in the United States of important segments of economic activity in the months of March and April of this year, generated a severe contraction in employment levels in that country, which was reflected in a sharp decline in the employment of Mexican immigrant workers, both male and female. However, the partial reactivation in May of certain economic activities in some localities and states of that country led to an incipient improvement in employment of Mexican immigrant workers.
Remittances in times of crisis: response, resilience, recovery
Facing the challenges of COVID-19: RCTF Blueprint for Action
René Maldonado Gonzáles, Nota de Remesas 4/2020 (Spanish)
CEMLA has joined the Remittance Community Task Force (RCTF), an initiative of the Financial Facility for Remittances of the International Fund for Agricultural Development (FFR-IFAD). This initiative began to operate on March 24th, 2020, and 38 institutions have joined it, including international and intergovernmental organizations, public and private sector institutions, Remittance Service Providers (RSP), migrant networks, and specialists on the remittances topic.
In April 2020, in the United States, the unemployment rate of Mexican immigrant workers reached 17 percent
Jesús A. Cervantes Gónzalez, Nota de Remesas 3/2020 (Spanish)
In April 2020, Mexico's income from remittances was 2,861 million dollars, which implied a slight annual fall of 2.6%. In addition, the number of remittances was reduced by 4.7%. Thus, while, in April 2019, the average number of remittances received was 304,008 transfers per day, in April 2020, that number decreased to 289,661 daily remittances.
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