U.S. Seeks to Bolster Latin American Economies to Curb Migration
- Economic framework map includes supply chains, digital issues
- White House working with region before Summit of the Americas
The Tapajos river in Santarem, Para State, Brazil.
Photographer: Dado Galdieri/BloombergThe Biden administration is working on a proposal to bolster economies in Latin America and strengthen U.S. ties ahead of a key regional summit the U.S. will host next month to help confront the challenge of fast-increasing migration.
The proposed economic framework, still in the early stages, will address issues including so-called nearshoring and supply-chain vulnerabilities revealed by the pandemic, according to people familiar with the process, who asked not to be identified because the plans aren’t public. The U.S. has started to discuss the initiative with countries in the region, and the White House is working on ideas with the U.S. Trade Representative’s office and the Commerce Department, the people said.