Article 5V8GQ Guatemala’s economy buoyed by record $15bn sent home from workers overseas

Guatemala’s economy buoyed by record $15bn sent home from workers overseas

by
Jeff Abbott
from World news | The Guardian on (#5V8GQ)

Critics accuse the country's government of doing nothing to stop the escape valve' of migration as it covers up their lack of spending

The amount of money Guatemalans living abroad send home to their families reached record levels in 2021. Remittances rose to more than $15bn (11bn) in 2021, an increase of 35% on the previous year.

The unprecedented rise prompted experts to question the political will to tackle the migration crisis when remittances from the US contribute so much to the Guatemalan economy.

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