Remittances received by millions of families in Latin America and the Caribbean contribute significantly to poverty reduction. The possibility of sending remittances is one of the main reasons why people decide to migrate. In this new study on these flows, we project that in 2025 they will grow once againfor the sixteenth consecutive yearalthough unevenly across countries and with the notable exception of Mexico. In addition to presenting a projection of remittance trends to Latin American and Caribbean countries in 2025, we conduct an analysis of the factors that determine these flows and examine how changes in macroeconomic variables affect the purchasing power of remittances for recipient households. Finally, the report also explores the impact of these flows on poverty in seven countries of the region.