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Mexico announces $30 billion plan to boost Central America

Tuesday, December 11, 2018

The Mexican government has announced plans to spend $30 billion over the next five years on Central American development, an initiative designed to slow migration from some of the hemisphere's poorest and most violent countries through Mexico and toward the United States.

Exact details were still pending on how the money would be disbursed, but the Mexican Foreign Ministry said in a tweet Monday that Mexico "will change its migration policies to respond to the needs required in the south of our country and Central America."

The Mexican announcement comes as more 5,000 Central American migrants traveling in caravans have congregated in Tijuana, where many had hoped to make asylum claims in the United States, but face waiting lists of more than several months.