Remittances to Latin America and the Caribbean reached an estimated USD 156 bln last year, nearly triple the amount from a decade ago and surpassing the annual lending of the World Bank and IMF to developing countries. In nations like Guatemala, Honduras, and Nicaragua, remittances account for 20% to 30% of GDP, often exceeding the levels of taxes and government spending. Analysts from Morgan Stanley predict that remittances will continue to be resilient, supported by a robust US economy and recent increases in immigration.