Herbalife
Grupo Hotelero Islazul
blackanddecker
AVA Resorts
Los Portales
INTERFER
Intecap
Instituto Hondureño de Turismo
Servicios Médicos Cubanos
Barceló Solymar
Agexport
Cubasol
Walmart
CUN-HAV Enjoy Travel Group
MuniGuate
Realidad Turística
Cervecería Centroamericana S.A.
INOR
Nestle
Centro Nacional de Cirugía de Mínimo Acceso de Cuba
MAD-HAV Enjoy Travel Group
MITM Events

Why $4.2 Billion In Private Investments Won’t Save Central America

Date:

Share:

Intecap
Instituto Hondureño de Turismo
Centro Nacional de Cirugía de Mínimo Acceso de Cuba
Cervecería Centroamericana S.A.
Realidad Turística
blackanddecker
Nestle
Servicios Médicos Cubanos
INOR
Los Portales
INTERFER
MITM Events
Herbalife
AVA Resorts
Grupo Hotelero Islazul

Vice President Kamala Harris’ announcement is promising but can’t be the sole strategy to curb migration.

Private funding from U.S. companies is a key component of a Biden White House effort to reduce migration from Central America. Last week, Vice President Kamala Harris announced new commitments in the region that bring that total to $4.2 billion.

This initiative to reduce migration by targeting economic development is laudable, but it also has limitations. The governments of Guatemala and El Salvador are not on friendly terms with Washington, and those countries along with Honduras have a history of corruption, authoritarianism and high crime rates that can repel investors.

The new private commitments include investments from companies such as Columbia Sportswear and Target. The latter will increase its spending by $300 million in Guatemala, Honduras and El Salvador by 2033. Columbia’s $200 million investment promises to create 6,900 jobs over five years.

Another component of the effort is Central America Forward, a program that focuses on economic development, corruption and labor rights launched last week. This initiative comes more than two years into the Biden administration — evidence that Harris, who was tapped two years ago to lead efforts to reduce migration, has moved at a slow pace. Besides this initiative, she has little to show in terms of policy successes, and she has rightly been the focus of criticism as record numbers of migrants crossed the border last year.

Back in March 2021, most migrants were coming from Central America. But arrivals from this region have steadily declined since then. Guatemalans, Hondurans and Salvadorans cannot seek asylum under the ongoing pandemic-era policy known as Title 42, and along with Mexicans, they are leading the number of deportees by nationality in 2023.

This is why creating jobs in the region is important. Harris is right when she says that “people, in general, do not want to leave home.” But job creation can be meaningless if gang activity continues to threaten the livelihoods of Central Americans and authoritarian governments insist on eroding human rights.

Corruption is of particular concern in Guatemala, where even several investigations backed by international bodies have been obstructed by government officials.

And in El Salvador, where violent crime is on the decline after President Nayib Bukele declared a “state of emergency” almost a year ago to tackle gang violence, there has been a steep price to pay in civil rights. Dozens of prisoners have died in custody, and the country has seen hundreds of documented human rights abuses, as reported by The Associated Press.

Focusing on economic development is a sound strategy, but the big picture is much more complex. Without rule of law and strong democratic institutions, the good intentions behind this effort may be diluted. Yes, people migrate for economic reasons, but also because they want to live.

We welcome your thoughts in a letter to the editor. See the guidelines and submit your letter here. (https://www.dallasnews.com/opinion/editorials/2023/02/14/why-42-billion-in-private-investments-wont-save-central-america/)

MITM Events
blackanddecker
Grupo Hotelero Islazul
Cubasol
INTERFER
Barceló Solymar
MuniGuate
Walmart
Centro Nacional de Cirugía de Mínimo Acceso de Cuba
Intecap
Instituto Hondureño de Turismo
CUN-HAV Enjoy Travel Group
MAD-HAV Enjoy Travel Group
AVA Resorts
Los Portales
Herbalife
Agexport
Nestle
INOR
Realidad Turística
Servicios Médicos Cubanos
Cervecería Centroamericana S.A.
Henkel Latinoamerica
Maggi - GLUTEN-FREE
Hotel Holiday Inn Guatemala
AirEuropa
INTERFER
Cubacel
MuniGuate
Hotel Barcelo Solymar
Intecap
Revista Colombiana de Turismo Passport
Havanatur
Barcelo Guatemala City
Blue Diamond Resorts

Subscribe to our magazine

━ more like this

Pole Dancing in Israel: A New Dimension with BlueDance.co.il

In recent years, pole dancing has experienced a remarkable transformation, shifting from a misunderstood niche to a popular activity combining fitness, self-expression, and empowerment....

A New Luxury Hotel Just Opened on An Idyllic Beach in Cancun, Mexico — And We Were the First to Stay

Waldorf Astoria Cancun opened to the public on Nov. 1, the brand's first new build in Mexico, with two waterfront pools and a fantastic...

Nicaragua Presents Its New Interoceanic Canal Route to China and Seeks to Compete with Panama

Estimated reading time: 8 minutes With a length of 445 kilometers, in a second attempt, the Nicaraguan president, Daniel Ortega, presents China with a new...

Pan American Health Organization Launches Interactive Dashboard on Avian Influenza in The Americas

To monitor cases of avian influenza A (H5N1) in the Americas, the Pan American Health Organization (PAHO) launched an interactive dashboard on the web...

US Lawmakers Join Requests to Extend TPS To Central Americans

The chairman of the US Senate Foreign Relations Committee, Robert Menendez, along with other legislators gathered outside the Capitol this Thursday to express his...
Revista Colombiana de Turismo Passport
Cubacel
Hotel Barcelo Solymar
Havanatur
Henkel Latinoamerica
INTERFER
AirEuropa
Barcelo Guatemala City
Blue Diamond Resorts
Intecap
Hotel Holiday Inn Guatemala
Maggi - GLUTEN-FREE

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Cervecería Centroamericana S.A.
MITM Events
INTERFER
blackanddecker
Realidad Turística
Intecap
Cubasol
Servicios Médicos Cubanos
INOR
AVA Resorts
MuniGuate
Los Portales
Nestle
Barceló Solymar
Centro Nacional de Cirugía de Mínimo Acceso de Cuba
Walmart
Grupo Hotelero Islazul
MAD-HAV Enjoy Travel Group
Agexport
Herbalife
Instituto Hondureño de Turismo