Vancouver, Surrey Indian Community - BCIndian.com
| | | | | | | | | | | |
 


 

US has invested little in LatAm development: Mexican Prez

Mexico,Politics

Author : Indo Asian News Service

International, Politics, National, Mexico Read Latest News and Articles

Share With Your Friends



Add an Article

View All Contributions

Add To My Favorite

Add A Picture

Mexico City, Sep 23 (IANS) In recent decades, US administrations have invested little in the development of Latin America, a factor that could reduce migration flows, Mexican President Andres Manuel Lopez Obrador said.

Addressing the media here on Wednesday, the President said that the last time the US invested significantly in the region was during the John F. Kennedy administration (1961-1963), with some $10 billion, Xinhua news agency reported.

"How much have they invested since then in the development of Latin America and the Caribbean? Not even 10 per cent of that amount," he said.

Lopez Obrador noted that when he took office in December 2018, the US had committed to investing $4 billion in development projects in Mexico and Central America, but "nothing has arrived".

However, he said he was "confident" that his incumbent US counterpart Joe Biden will accept his proposal to boost development in Central America to curb migration.

The migratory phenomenon should not be solved with force, Lopez Obrador said, but with productive options that discourage emigration.

"Enough of trying to solve a social and economic problem with coercive measures what we want is for people to have resources to plant and cultivate their land," he said.

Mass migration north from impoverished parts of Central America has been further aggravated recently by the Covid-19 pandemic and its impact on jobs and production.

--IANS

ksk/


Copyright and Disclaimer: All news and images appearing in our news section, search engines and social media are provided by IANS. If you face any issues related to the content/images, please contact our news service provider directly. We are not liable/responsible for any content/images related to the news service provider.


Latest News

View More News


More News Articles

IPL 2024: Mumbai Indians bat first against Rajasthan Royals in Hardik Pandya's 100th game

Allu Arjun, Jackie Shroff call for environmental conservation on Earth Day

IPL 2024: Mitchell Marsh to miss remainder of season due to hamstring injury

IPL 2024: Conversation with Kohli helped me during the bad phase, says RR's Riyan Parag

IPL 2024: Virat Kohli fined 50 percent match fee for dissent after dismissal in KKR match