After collapsing in the spring due to COVID-19, remittances to Latin America bounce back

Springtime job losses and pay cuts in South Florida’s immigrant communities meant many local immigrants had to stop sending money to relatives in their homelands.After the coronavirus outbreak snowballed into a global pandemic, the World Bank in April projected remittances to Latin America and the Caribbean would drop by nearly 20% this year — the sharpest decline in recent history.But as the Miami metropolitan area and other U.S. regions with significant Latin American populations emerged from COVID-19 lockdowns, remittance flows have started ticking back up. That’s the takeaway from a new Pe…

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