Publication: The U.S.-Guatemala Remittance Corridor : Understanding Better the Drivers of Remittances Intermediation
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Date
2006
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Published
2006
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Abstract
This study reports on recent development and future potential for U.S.-based Guatemalan workers cross-border retail transfers to be more formal, cheaper, and disposed to the cross-sale of financial products and services. It also presents the key features of remittances senders, recipients, instruments, and intermediaries involved. The paper focuses on three areas: (a) the main characteristics of the Guatemalan migrants in the United States and the key drivers behind their decision to remit money and to choose an intermediary; (b) financial infrastructure supporting U.S.-Guatemala remittances processing, especially the role of technology, payment systems and innovations going forward, as avenues to help lower transaction costs, among others; and (c) the landscape of workers remittances distribution in Guatemala, examines the characteristics of recipients and the evidence of remittances impact, and analyzes the indications of potential for cross-sale of financial services to recipients.
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“Cheikhrouhou, Hela; Jarque, Rodrigo; Hernández-Coss, Raúl; El-Swaify, Radwa. 2006. The U.S.-Guatemala Remittance Corridor : Understanding Better the Drivers of Remittances Intermediation. World Bank Working Paper No. 86. © World Bank. http://hdl.handle.net/10986/7172 License: CC BY 3.0 IGO.”
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