Remittances to Mexico spike in anticipation of Donald Trump’s wall

Last Modified: Wed Jan 25 2017 20:53:56 GMT+0530 (India Standard Time)
  • $5bn-10bn
    cost of building the wall along America’s southern border to keep out undocumented immigrants, which according to Donald Trump will be paid for by Mexico.
  • $25 billion
    in remittances that Mexico received in 2015, according to its central bank. This is equivalent to 2.3% of the country’s GDP. and over 98% of these remittance payments came from the United States.
  • Apr 2016
    Campaign memo release which says the Trump administration will force Mexico to stump up by threatening to block money transfers from undocumented Mexicans living in the United States. Blocking certain remittance payments requires the Patriot Act to be rewritten, which needs legislative action by Congress and would probably be challenged in court.
  • 25%
    Percentage jump in November remittances to Mexico over the previous year, totaling nearly $2.4bn.
  • $27 billion
    expected total remittances for 2016, $2 billion more than in 2015.
  • 44%
    Percentage increase in apprehensions of migrants along America’s southwest border in November by the US Border Patrol over the previous year, totaling 47,214 migrants. Faced with such trends, calls to “build that wall” may grow even louder.