US to offer economic benefits for countries hosting migrants, shore up supply chains

The United States on Friday will announce new development financing for countries hosting migrants in the Western Hemisphere as part of an effort to curb migrant arrivals at the U.S-Mexico border and expand economic cooperation in the region, senior U.S. officials told Reuters. U.S. President Joe Biden will convene leaders from Latin America and the Caribbean at the White House on Friday to discuss economic issues and migration at the Americas Partnership for Economic Prosperity (APEP) Leaders' Summit. The summit follows a similarly themed meeting of Western Hemisphere leaders in Los Angeles last year, part of a broader push aimed at strengthening regional economic ties and reducing China's influence in the region.