Guatemala seeks $2 billion for migrant crisis

Guatemala President Otto Perez Molina said $2 billion in U.S. aid is needed for three Central American nations to help stem a surge in immigration northward by unaccompanied children.

Following a meeting in Washington with President Barack Obama and the leaders of Honduras and El Salvador, Perez Molina said the three Central American leaders are seeking a U.S. commitment along the lines of what was provided to Colombia when that country was struggling to contain an insurgency by drug-funded rebels.

“Right now the U.S. is investing in the security of its border with Mexico, the southern border of the U.S., almost $20 billion a year. We believe that with 10 percent of what they’re investing there, we can build a long-term plan," Pérez Molina said.

Source: Bloomberg