Mexico city — The fate of Latin American economies, deeply reliant on remittances from the United States, hangs in the balance with the upcoming U.S. presidential elections, Fitch Ratings said on Friday. Why it’s important The potential disparity in immigration policies between the Republican and Democratic administrations could significantly affect Central American nations, which are heavily dependent on remittances from the U.S. Key comment “Central America is highly vulnerable to U.S. immigration policies, as remittances fund a large component of their economic activity,” said Fitch, a U.S.-based credit rating agency. In countries like El Salvador and Nicaragua, remittances currently account