Peter Day's World of Business
Mexican remittances on the rise
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:26:41
- More information
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Synopsis
Why are Mexicans working abroad sending more money back home? Last year total remittance payments for Mexico reached a record of nearly $27bn – most of that came from Mexicans working in the United States. But it’s a sensitive time with President Trump determined to clamp down on illegal immigrants and build a wall along the US-Mexican border. Caroline Bayley asks how significant those payments are to relatives back home and the Mexican economy as a whole.(Image: Mexican farmer and his wife. Copyright: BBC)