The United States and Spain are the main sources of remittances that arrive in CAN countries

During the third quarter of 2020, the sending of remittances from the world to the countries of the Andean Community totaled $ 3,924 million, a figure that represented an increase of 3.7% compared to that registered in the same period of 2019, according to the Andean Community of Nations (CAN).

The United States sent remittances to the CAN countries for $ 2,038 million and Spain for $ 729 million, during the third quarter of 2020.

The United States and Spain were the main countries of origin of the remittances to the CAN countries, adding only between them a total of $ 2,767 million, which represented 70.5% of the remittances reported.

According to the Secretary General of the CAN, Jorge Hernando Pedraza, the United States sent remittances to the CAN countries for $ 2,038 million and Spain for $ 729 million.

Chile and Italy follow with remittances that amounted to $ 257 million and $ 143 million, respectively. Remittances from the United Kingdom ($ 81 million), Argentina ($ 40 million), Mexico ($ 39 million) and others ($ 597 million) are also reported.

Pedraza indicated that, in the third quarter of 2020, remittances received by Ecuador and Colombia from the world registered an increase of 12.7% and 5.4%, respectively, compared to the same figures from the previous year; meanwhile, in Bolivia there was a decrease of 5.7%, while in Peru the reduction was 5.4%.

In the case of intra-community remittances, the document indicates that they totaled $ 109.9 million, which represented 21.9% less in relation to what was achieved in 2019.