Business

$4.5 Billion Investment Offers by United State in Central America

Sanjana Mukhiya

On Tuesday United State ready to support $4 billion of investment in Central America and Southern Mexico

The Overseas Private Investment Corporation (OPIC), which offers government-backed favorable financing to the US business, is prepared to support billion in new investment in EL Salvator, Guatemala, and Honduras "if the commercially viable project is identified."

OPIC is also looking to mobilize $2 billion more for southern Mexico, the country's poorest region.

The United States promised to back new Mexican President Andres Manuel Lopez Obrador's push for development in Central America, the primary source of migrants whose unauthorized entry into the US has become a central focus for President Trump.

In a parallel announcement in Mexico, Foreign Secretary Marcelo Ebrard told reporters that his government was "committed to promoting strong regional growth, better -paying jobs and more opportunities for all citizen.  

Democratic skeptical

The US funding offer, made in the low-key written statement, comes in stark contrast to Trump's years of rallies demanding that Mexico pay for a vast wall on the border.

Trump, railing against unauthorized immigration ahead of last month's election, threatened via Twitter in October to cut off aid to Central America unless they stopped migrants.

Two months later, the Us government is teetering o the brink of a shutdown with Trump demanding that Congress provide $5 billion for the wall.

Representative Eliot Engel, a Democrat who next month takes over the House Foreign Affairs Committee, said he was "skeptical" about the "rhetorical commitment" to Central America in Light of the Trump administration's policies, including separating children from arent at the border.

In new government funding, the State Mike Pompeo has acknowledged that development is a longer-term solution to migration from the Northern Triangle countries, which among the world's most violent

State Department spokesperson Robert Palladino said the United State expected Central American countries to "hold up their end of the bargain" and work to improve the situation at home.

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