During the inaugural Americas Partnership for Economic Prosperity (Americas Partnership) Leaders' Summit, President Joseph R. Biden announced that, working with Congress, USAID intends to contribute $25 million to the Inter-American Development Bank (IDB) Grant Facility.
The $25 million to the IDB’s Grant Facility will catalyze additional funding and provide grants to improve the socioeconomic integration of migrants and refugees in their host communities and countries. The IDB will match this contribution with $25 million in IDB institutional funds. The IDB’s Grant Facility will work with eligible countries in Latin America and the Caribbean that lack the financial means to provide development support to refugee and migrant-hosting communities and expand service provision to those populations.
USAID’s work to address the challenges posed by migration in Latin America and the Caribbean underscores our commitment to create economic opportunities in the region for people to live, work, and learn in safety and dignity, contribute to and benefit from the democratic process, and enjoy opportunities to create futures for themselves and their families where they reside.