Workers’ remittances to Colombia, in the first two months of 2024, grew 8.75% annually to US$2.094 billion; in February alone, US$1.044 billion came in

Primera Página – Agencia de Noticias –

Bogotá.-In the first two months of 2024, the flow of workers’ remittances to Colombia grew 8.75% compared to the same period of 2023 to US$2,094 million, according to Banco de la República records consolidated by Primera Página.

It should be taken into account, in this sense, that the result of the exercise of a year ago, as of the second month of 2023, showed a positive balance of US$1,926 million; that is to say that, between both periods, they increased by US$169 million.

It should be noted that in February alone, the balance was US$1,044 million; in January, US$1,050 million; in December 2023, US$1,023 million; in November, US$831 million; and in October, US$1,160 million.

It should also be recalled that during the whole of 2023, net transfers rose 12.47% and reached US$12,347 million.

Foreign Portfolio Investment in Colombia, in the first two months of 2024, showed a net outflow of resources from the country for US$1.3 billion.

It should be noted that, in January alone, the balance was negative by US$1,111 million, the second worst figure since the beginning of 2020. In February, an additional US$189 million were leaked.

The result for the second month of this year showed the lowest outflow of resources for this concept since November 2023.

It is worth mentioning that, a year ago, about US$8 million entered the country in this concept.