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World Bank: Record $30 Billion Leaving The US For Mexico

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Photo of Will Racke

WILL RACKE
Immigration and Foreign Policy Reporter/The Daily Caller
Dozens of workers and immigration activists march to the Tom Cat Bakery to demonstrate after numerous employees of the bakery claimed they've received letters threatening dismissal in 10 days if they can't prove they're in the U.S. legally on March 22, 2017 in the Long Island City neighborhood of the Queens borough of New York City. Some 30 workers who received the letter say the company blames the Department of Homeland Security (DHS) for the abrupt action. (Photo by Spencer Platt/Getty Images)
Dozens of workers and immigration activists march to the Tom Cat Bakery to demonstrate after numerous employees of the bakery claimed they’ve received letters threatening dismissal in 10 days if they can’t prove they’re in the U.S. legally on March

President Donald Trump’s tougher immigration enforcement has reduced the flow of people heading north across the U.S.-Mexico border, but it has had no effect on the amount of money heading in the opposite direction.

In fact, Mexico is on pace to receive more remittances from abroad in 2017 than it ever has before, according to World Bank estimates released Tuesday.

Mexico, which takes in more remittances than any other Latin American country by a wide margin, will likely receive $30.5 billion from the Mexican diaspora living abroad — 6.5 percent more than it did in 2016.

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