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Read More »Latin America Faces Remittance Shock Under New US Tax
[ad_1] The future of the $160 billion industry hangs in the balance as stricter US immigration policies take hold. After a record-breaking 2024, when remittances to Latin America and the Caribbean accounted for a total of $160 billion, or 2.5% of the region’s GDP, according to the Inter-American Development Bank …
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