Jun 24, 2011

Whack-a-mole Drug War: $1 billion slated for Central America's drug war

From a Costa Rican newspaper, more on "good money being sent after bad." The World Bank enters the poker game with a billion dollars. 

$1 billion slated for Central America's drug war / Top Story / Current Edition / Costa Rica Newspaper, The Tico Times: "The World Bank unveiled Wednesday a billion-dollar bid to support security measures in Central America, as the United States and Inter-American Development Bank (IDB) upped their funding in the region as well.

“The World Bank will provide $1 billion for Central America in the coming years, which can be used by each country for its own priorities, and clearly including a security strategy,” said World Bank vice president for Latin America and the Caribbean, Pamela Cox.

Cox said the bank can offer technical assistance, especially in ways to strengthen national institutions.

“We have picked up a great deal of experience that combines technical knowledge of the region with the bank’s global focus,” she said.

The Inter-American Development Bank also said it would provide some $500 million, spread over two years, to supplement funding efforts from the region and donor countries, IDB President Luis Alberto Moreno said.

Clinton announced that funding for Washington’s regional security partnership effort was being increased to $300 million this year, up from $260 million."

No comments:

Post a Comment