Herbert Hernández

Herbert Hernández is the director of the Banco de los Trabajadores (Bantrab) in Guatemala, where he plays a crucial role in analyzing the economic impacts of remittance flows, particularly in light of the new 1% tax on remittances entering the U.S. His insights suggest that the tax may lead to a decrease in the frequency of remittance transactions, although he believes that the strong familial ties among Guatemalans will mitigate any long-term effects on overall remittance volumes.