On a working visit to Michoacan, the Foreign
Secretary attended the signing of an agreement between the state government and
the "Juntos Podemos / Together We Can"
The program began in 2015 with five
organizations whose priorities are to contribute to the development of Mexicans
in the United States and to enhance their ties to Mexico.
The member organizations are:
· Integra Institute: supports entrepreneurs
· Parents Alliance: educational
programs for immigrant communities
· Together for Health: health information and programs
· Always Mexico: promotes
Mexican art and culture
· Latinos Together: community
With this agreement, the state
government and the foundation will collaborate on specific programs that they design
After the signing, the Foreign
Secretary participated in a dialogue between university students and migrants
on financial education. This issue is particularly important
in Michoacan: it is the state that receives the most remittances (10.22% of the
national total, or USD 2.531 billion, an increase of 12.8% compared to 2014).
In 2015, Mexico received USD 24.771
billion in remittances, 4.8% more than in 2014. Remittances are expected to
reach 25.506 billion in 2016, mainly due to the growth of the U.S. economy, the
low unemployment rate and the exchange rate.
Last year, 95.6% of the remittances
received in Mexico were sent from the United States.
The main purpose of the dialogue was
to make migrant families aware of the
importance of optimizing the remittances
and using them for productive activities. Other topics of discussion
included the main problems encountered by the migrants who send remittances,
such as their difficulties with saving money and the requirements and transaction
costs of sending the money.