U.S., Mexico pledge billions to reduce migration from Central America [Washington Post]

Mexican Foreign Minister Marcelo Ebrard presents an investment plan between Mexico and the United States in Mexico City on Tuesday. (Alfredo Estrella/AFP/Getty Images)

Mexican Foreign Minister Marcelo Ebrard presents an investment plan between Mexico and the United States in Mexico City on Tuesday. (Alfredo Estrella/AFP/Getty Images)

MEXICO CITY — The United States and Mexico announced Tuesday a bilateral assistance program to curb migration from Central America, signaling an early vote of confidence from the Trump administration in the foreign policy of new Mexican President Andrés Manuel López Obrador.

The United States announced a total contribution of $10.6 billion, most of which will be allocated from existing aid programs. Around $4.5 billion of that sum comes from new loans, loan guarantees and other private-sector support that could become available through the Overseas Private Investment Corporation (OPIC). The announcement appeared to be largely a symbolic gesture of cooperation between the two governments.

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