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U.S. Eyes Private Sector in Central America to Play Larger Role in Crime Reduction, Growth

By: Elena Toledo - @NenaToledo - May 25, 2017, 2:31 pm
US and Central American leaders will focus on development and security issues at a conference next month (
US and Central American leaders will focus on development and security issues at a conference next month (Facebook).

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The United States government will hold a meeting in June in Miami with the presidents of Honduras, Mexico, Colombia, Guatemala, and El Salvador, with the aim of making efforts to improve the security of the Latin American region as well as using the private sector to promote economic development in Central America.

David Lapan, spokesman for the Department of Homeland Security, told a news conference that the meeting will take place between June 14 and 16. The first day will focus on the idea of “prosperity”, the basis of which was the Plan for the Prosperity Alliance of the North Triangle of Central America implemented in 2014 by the administration of former president Barack Obama in Honduras, Guatemala, and El Salvador.

“The idea is to identify resources, mainly from the private sector, in order to increase investment in the countries of Central America,” explained Lapan, who indicated that the greater economic prosperity in Central America, the fewer people who will seek to leave their countries to seek a better life in the United States. The conference will investigate “how private funds could be made available to these countries to help their economy with a view to combating the causes of illegal immigration,” he said.

Lapan said that while the first day would focus on the economic sector, the second would address security in the region. According to the official, in addition to the authorities fom the countries mentioned, the participation of the directors of the Inter-American Development Bank (IDB) is expected; the bank has been involved in several economic development projects throughout Central America.

The official from the Department of Homeland Security did not confirm or deny that the US government has asked Mexico for its participation, but said: “Mexico can contribute in the way that it believes is more appropriate, either through money, or through participation in programs or contribution of physical resources.”

Source: La Tribuna

Elena Toledo Elena Toledo

Educator by trade, social-media apprentice, activist for a democratic Honduras, and free thinker. Follow her on Twitter @NenaToledo.

Mexican Peso Continues to Gain Ground on the Dollar amid China Woes, US Fed Uncertainty

By: Elena Toledo - @NenaToledo - May 25, 2017, 1:45 pm
peso-mexicano-apreciacion-1

EspañolThe Mexican peso continues to gain ground against the dollar following a series of favorable events for the country. The key one seems to be that last Tuesday, Moody's decided to lower the credit rating in China, which led the US currency to a record low of 18.4693 units per peso. On Wednesday, the shift in the Mexican exchange market closed operations at 18.4960 pesos per dollar in the wholesale market, reflecting an appreciation of 0.65 percent and a gain of 12.10 cents. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1459522593195-0'); });   The Mexican peso struggled in early May when it reached 19.2180 units per dollar following statements by United States President Donald Trump regarding the Free Trade Agreement of North America (NAFTA). Read More: OAS Prepares Yet Another Meeting to Discuss Venezuelan Crisis Read More: Russian Ambassador Met Numerous Times with Hillary Clinton Campaign CIBanco Senior Economic Analyst James Salazar said this new strengthening of the Mexican peso is due to the degradation of China's sovereign debt, which led to the outflow of capital that relocated to Mexico. Salazar also said that the Federal Reserve's recent announcement about continuing to increase interest rates has also helped the strength of the peso, since it would otherwise lead to inflation surpassing two percent. Source: El Economista

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