On Wednesday, Secretary Blinken hosted the Americas Partnerships for Economic Prosperity Ministerial meeting, focused on inclusive economic growth in the Western Hemisphere and the region’s global competitiveness.

The twelve partner nations intend to tackle economic inequality, foster regional economic integration and good jobs, and restore faith in democracy by delivering for working people across the region.

At the meeting, the U.S. committed up to $30 million toward a new initiative, which will accelerate international development projects in Latin America and the Caribbean and sustain their positive effects.

“This partnership is part of a broader effort to modernize our economic relationships, to grow our economies from the bottom up and from the middle out,” the Secretary said during the event.