US to offer economic benefits for countries hosting migrants

The United States on Friday will announce new development financing for countries hosting migrants in the Western Hemisphere as part of an effort to curb migrant arrivals at the U.S-Mexico border and expand economic cooperation in the region.

President Joe Biden will convene leaders from Latin America and the Caribbean at the White House on Friday to discuss economic issues and migration at the Americas Partnership for Economic Prosperity (APEP) Leaders’ Summit.

The White House said leaders from Barbados, Canada, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, Peru and Uruguay are expected to attend Friday’s gathering, as well as representatives from Mexico and Panama.

The United States will also work to expand its contributions to the Inter-American Development Bank (IDB). The new IDB financing platform is part of a package that will also include funds from the private sector and other donors “to reinforce this welcoming spirit in the region. The hope is to expand economic prospects in the region so migrants do not head to the United States.


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