Latin America Advisor

Latin America Advisor

A Daily Publication of The Dialogue

Will a U.S.-Central America Effort Spur Nearshoring Efforts?

The U.S. government’s “Call to Action for Northern Central America” has led to more than $4 billion in commitments for the region. A textile plant in Honduras is pictured. // File Photo: Honduran Government.

U.S. Vice President Kamala Harris and the Partnership for Central America in February announced more than $950 million in new private-sector commitments that the Biden administration has said will help to create economic opportunity in the region. The announcement brought the total amount that has been committed since the July 2021 launch of Harris’ “Call to Action for Northern Central America” to more than $4.2 billion. How important are the investments to Central American economies, and which industries will benefit the most? How much do the investments advance efforts at nearshoring? What challenges do Central American countries face in attracting companies’ production and operation?

Javier Efraín Bú Soto, Honduras’ ambassador to the United States: “From the government of President Xiomara Castro, we applaud these efforts made by the U.S. government and private companies. We need to increase nearshoring levels to dynamize our economy. That’s why, from the very first day of her government, President Castro has taken important measures to solve our most pressing issues like fighting corruption and strengthening security, energy independence, rule of law and gender equality, among others. The industries that will benefit the most are textiles, apparel, clean energy projects, agriculture, digital access to services and financial inclusion. We want to help the process of gathering more companies into these initiatives. We need sustainable, quality employment in line with the U.S. ‘Good Governance, Good Jobs Declaration.’ We are particularly interested in…”

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About the Latin America Advisor

The Inter-American Dialogue publishes the Latin America Advisor every business day for a distinguished membership of informed corporate leaders, scholars, and government officials invested in Latin America’s development and future. The Advisor‘s highly regarded Q&A section covers questions submitted by subscribers themselves. Commentators regularly include heads of state, business leaders, diplomats, economists, analysts, and thought leaders from around the world. Many of the world’s largest and fastest-growing companies subscribe to the Advisor. To subscribe click here or for more information, contact Gene Kuleta, editor of the Advisor, at

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