Overview

• Between June and July 2025, monthly transfers fell 16%, leaving the year-to-date total down about 5% and roughly back to 2022 levels.
• Sheinbaum linked the decline to tighter actions against migrants in the United States and to a newly approved remittance tax.
• Officials are analyzing the causes and tracking repatriations, which she noted are not high compared with earlier periods.
• The government is moving to protect recipient households, highlighting Finabien as a tool to facilitate electronic transfers.
• She said the setback is real but not drastic, and further review is underway to determine the full impact.