The United States government will announce new commitments this Tuesday (7) for approximately $2 billion in private investment to control immigration in Central America. of Mexico.
The announcement, by Vice President Kamala Harris, will turn attention to the absence of the presidents of Mexico, Honduras, Guatemala and Bolivia, who have decided to protest the exclusion of the governments of Nicaragua, Venezuela and Cuba. Washington is considering dictatorships. The Uruguayan president will not attend the event either, but in his case as he has tested positive for covid-19.
A senior government official, who asked not to be named, said the package reached $1.9 billion in the form of “new investments from about 10 companies” for Honduras, Guatemala and El Salvador, including textile giant GAP and telecommunications group Millicom.
With the new value, the investment commits a total of $3.2 billion in private equity for the region called Central America’s Northern Triangle.
Most of the approximately 7,500 undocumented immigrants who cross the US-Mexico border every day come from three countries to flee misery, fear, corruption and violence.
An immigration flow that has a political cost to the Joe Biden administration and could cause Democrats to lose control of Congress in the November midterm elections.
At the Americas Summit, which will continue until Friday, five documents will be adopted in areas deemed important: democratic governance, health and resilience, climate change and environmental sustainability, the transition to clean energy and digital transformation.
Immigration is excluded, but the Biden administration hopes to sign an immigration declaration with Mexico’s support, despite a boycott by President Andrés Manuel López Obrador, who will send his chancellor to the meeting.
“We are very confident that the countries that will sign the Declaration of Immigration will stick to their goals, and that includes Mexico just to make it clear,” a source in the US government said.
Kamala Harris also plans to announce a women’s empowerment initiative on Tuesday, while the State Department will release an initiative promoting the digital agenda and independent media to expand access to technology.
Alliance and reforms
On Wednesday, Biden will deliver a speech to kick off the busiest days of the civil society-focused meeting ever.
Biden will announce an alliance with Latin America for economic prosperity in the full post-pandemic recovery to revive regional economic institutions and mobilize investment.
It should also propose to the Continental Development Bank (IDB) “ambitious reform to address the region’s development challenge more efficiently, because the private sector plays a central role,” he said.
Washington will seek to acquire an equity stake in IDB to invest in private sector loans and “guide it where it has the greatest impact.”
The American president will also announce that he will provide more than $300 million in aid to the region in case of food insecurity with the Ukraine war in the background.
The military conflict brought about by the invasion determined by Russian President Vladimir Putin has caused the prices of some of the basic basket products to skyrocket.
In addition to the Summit, the program includes a forum on civil society, a forum on Americas youth, and the Americas Business Summit, which begins this Tuesday.
source: Noticias
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