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Latin American Migrants Boost Remittances Amid ICE Crackdown

  • President Donald Trump's immigration crackdown has led to an increase in remittances from Latin American migrants.
  • Fears of U.S. immigration policies have driven immigrants to send more money back home, with a notable uptick in remittances to Central American countries like El Salvador, Honduras, and Guatemala.
  • Remittances play a crucial role in the global economy by helping cover living expenses, medical needs, and tuition for families in low-to-middle income countries.
  • While challenges like cash dependence and payment delays persist, the need for simpler cross-border payments remains significant for the millions of people living outside their home countries.

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