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LatinNews Daily - 29 June 2020

US sanctions Mexican firms for selling Venezuelan oil

Central America: In a 24 June press release US Secretary of State Michael Pompeo said that he had recently informed the US Congress of the US government’s intent to provide US$252m in additional foreign assistance to El Salvador, Guatemala, and Honduras. According to the statement, this assistance will “promote US national security and further the President’s goal of decreasing illegal immigration to the US”. It adds that “these additional funds will assist in making these countries more secure and prosperous by enabling private sector-led economic opportunity and provide critical, lifesaving assistance. Leveraging private sector investment to address the second order economic impacts of the [coronavirus (Covid-19)] pandemic is key to achieve longer term success in addressing the underlying security, governance, and prosperity issues that drive illegal immigration to the US”. The US has approved US$258m in targeted foreign assistance as part of the Growth in the Americas/America Crece initiative and has “prioritised critical funds to address the Covid-19 emergency pandemic”.

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