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René Maldonado

Improving Central Bank Reporting and P rocedures on Remittances Latin American and the Caribbean. René Maldonado. Remittances to LAC. Remittances Flows to LAC $ us Million & Var. YoY. Fuente: Elaborado con información de BID y BoPSY. Occupation and salary.

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René Maldonado

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  1. Improving Central Bank Reporting and ProceduresonRemittancesLatin American and theCaribbean René Maldonado

  2. Remittancesto LAC RemittancesFlowsto LAC $usMillion & Var. YoY Fuente: Elaborado con información de BID y BoPSY

  3. Occupation and salary Employment and labor force of Latinamericansin EEUU Occupation and salary of Latinamericans in EEUU Fuente: panel izquierda BID, panel derecha elaborado con datos de BLS

  4. Whatwehavebeendoing • Goal: • improve and/or implement procedures for statistical measurement of remittances in CBs (including formal and informal channels) • promote the adoption of good international practices in order to harmonize regional methodology • Base documents: • Base line assessment • Glossary • CEMLA RemittancesCompilation Guide • BoPMannual 5 • Now: BoPMannual 6 • Now: LuxembourgGroupCompilationGuide

  5. Howwe are doing • Seminars and courses: • reinforcethe guides • PermanentVirtual Forum: • News and share information and data • Diffusionactivities: • Mantainonlyoneway • Country Missions • Assessment • ConfidentialRecommendationsReport • DescriptivePublicReport • Data Base

  6. FX effectontheRemittancesFlows Sendingsideeffect $US / Euros Recipientsideeffect $US/Local Currency Var. Mensual (%) Fuente: panel izquierda BID, panel derecha BID

  7. Data Base • Design: • Each CB sendsin and outboundsby(main) countries • Quaterly. Number and value • ReturntoCBs in bilateral basis • Regional publicreports in mutilateralbasis • Problems: • NotalltheCBshavethe data: Butthey are changingthereportforms, setupsurveys, etc. Butsome of themneedhelp. • Thesourcecountriesare lessinvolved • TheCBsdon’thavedata bycountriesfromtheMTOs

  8. Some Output fromthe Data Base Bilateral Remittances CountryX – Country 1 Multilateral Remittances CountryX – Countries1…10 brecha Fuente: Extraído de la base de datos

  9. Thankyou! www.cemla-remittances.org www.cemla-remesas.org rmaldonado@cemla.org René Maldonado

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