The Inter-American Development Bank (IDB) says remittance inflows to the Caribbean increased by 5.9 per cent during the first quarter of this year, compared with the same period last year.
The Bank says remittances to Latin America and the Caribbean reached a record US$173.7 billion in 2025, representing growth of 7.3 per cent.
For the Caribbean, remittance inflows grew by 10.8 per cent last year, but the IDB says that pace of growth is unlikely to be sustained.
Among Caribbean countries, Haiti recorded the strongest increase in remittance inflows during the first quarter at 12 per cent, followed by the Dominican Republic with 4.2 per cent, and Jamaica with 4.1 per cent.
The IDB notes that remittances remain a critical source of foreign exchange for Jamaica, accounting for approximately 15 per cent of the country's Gross Domestic Product.
According to the Bank, the slower growth in remittance inflows reflects declining employment and income among migrants in the United States, linked to tighter immigration policies and rising inflation.
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