US announces investment for Mexico to strengthen regional economy

This is the perfect time for newly elected Mexican president Andres Manuel Lopez Obrador for its people as United States has announced a regional investment plan for Mexico and Central America to strengthen their government and economic development.

With investments of $5.8 billion in Central America and $4.8 in southern Mexico the Trump administration aims to promote job opportunities and better security conditions for the people in their own land.

It is yet not known whether Mexico needs to reciprocate by giving anything to US. Earlier, Andres Manuel tried persuading Trump to work with him for the development of El Salvador, Guatemala, Honduras and impoverished south to stem flow of people.

Much of the investment announced Tuesday would come from Overseas Private Investment Corporation (OPIC) and depends completely on the visibility of projects. The fund would not cost US taxpayers.

However, the announcement has made it clear Republican Trump and leftist Andres Manuel would not clash amid recent tensions, as many thought.

Deputy director of the Mexico Institute at the Wilson Center in Washington, Christopher Wilson, said finally the two nations are on the same track understanding migration from Central America is a regional issue.

Meanwhile, Mexico is learned to be announcing a change in immigration policy soon.

Paul Linus