The Biden administration aims to send $861 million to Central American countries to address causes of mass migration to the U. S., according to the budget released Friday.
The administration plans to provide $861 million in federal aid to El Salvador, Guatemala, Honduras and Mexico in order to “address the root causes of irregular migration,” according to the proposed budget for 2022. Vice President Kamala Harris asked private sector companies to “make new, significant commitments” to create sustainable economic opportunities aimed at ending the migration crisis at the southern border on Thursday, according to the White House.
“Our comprehensive strategy to address the root causes of migration will involve significant commitments of U. S. government resources to support the long-term development of the region—including efforts to foster economic opportunity, strengthen governance, combat corruption, and improve security,” the White House said.
Harris said the private sector’s resources are a crucial component to creating long-term economic growth in the region, according to the White House. With commitments from the U. S. government and private companies, the Biden administration will be able to leverage commitments and resources from regional governments, banks and international financial institutions.
“Together, we can work to overcome obstacles to investment, promote economic opportunity, and support long-term development in the region,” according to the White House. “Supporting the long-term development of the region, and in the Western Hemisphere more broadly, will re… (Read more)