Wednesday, 08 February 2023 01:22

U.S. announces new $950 million investment plan in central america

Written by Evelyn Alas

According to international media, US Vice President Kamala Harris announced a new phase of goals for Central America with new commitments to the private sector that will allow for the investment of an additional US$50 million to create opportunities in the region.

To date, the Call to Action and Partnership for Central America (PCA) launched by Vice President Harris in 2021 has leveraged investments of more than US$4.2 billion in private sector commitments to create economic opportunities in El Salvador, Guatemala, and Honduras.

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These investments are channeled through a public-private agreement between the State Department and the independent Partnership for Central America, in close coordination with the United States Agency for International Development (USAID).

This strategy seeks to combat corruption and violence in the places of origin and includes the support of other governments and U.S. companies.

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The plan focuses on Guatemala, El Salvador and Honduras, countries that make up the so-called Northern Triangle of Central America, where the largest flow of migrants seeking to reach the United States comes from.

According to what a high-ranking Administration official explained to the media on monday, the plan is a "long-term effort" that seeks to "get to the root of the problem" and is in addition to other short-term projects that address "immediate challenges at the border", of which they are already "starting to see some positive trends".

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In recent months, Joe Biden's government has carried out immigration initiatives such as the humanitarian program for cubans, venezuelans, haitians and nicaraguans implemented since the beginning of january, which has reduced by 90% the irregular arrival of these immigrants to the country, according to official figures.

 

Translated by: A.M