Courtesy
The IDB will organize “roadshows” of events across the United States to inform U.S. firms about investment-ready projects in Latin America. U.S. government agencies, such as the International Development Finance Corporation and the Department of Commerce, will work to facilitate some of those deals. Furthermore, U.S. Treasury Secretary Janet Yellen reiterated that she was seeking approval from the U.S. Congress to increase the amount of money that the IDB has available to lend. (The United States is the bank’s largest shareholder.) The event also touched on the economics of migration policy. The United States and Canada, along with extra-regional partner countries South Korea and Spain, pledged to jointly provide $89 million in grants for migrant-hosting communities in the Americas. Washington separately earmarked further funds for communities hosting Venezuelan migrants, who are mostly concentrated in Colombia, Peru, Brazil, Ecuador, and Chile. By Catherine Osborn. Full Text-> FP
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