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Mexico confirms $10 billion boost for region

Thursday, March 21, 2019

Mexican President Andres Manuel Lopez Obrador said Wednesday that talks with White House senior adviser Jared Kushner have led to advances toward an agreement that would have the U.S. government guarantee some $10 billion in development investments for Mexico and Central America.

The previously discussed investments would aim to reduce immigration from Mexico and Central America by providing more opportunities in those countries. Roughly half of the sum would go to Mexico while the remainder would be divided among Honduras, Guatemala and El Salvador, Lopez Obrador said.   "That is investment to create jobs so that the people don't have the need to abandon their communities," he said, the Associated Press reports.