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" Foundation.

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 support services

With this agreement, the state government and the foundation will collaborate on specific programs that they design jointly.

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.

Foto Firma Convenio michoac n 2.JPG