Fact Sheet: President Biden Announces the Americas Partnership for Economic Prosperity

Excerpt:  “At the opening ceremony of the Summit of the Americas, President Biden will announce the Americas Partnership for Economic Prosperity, a historic new agreement to drive our hemisphere’s economy recovery and growth, and deliver for our working people. Accounting for 31.9 % of global GDP, the Western Hemisphere is one of the most dynamic economic regions in the world, and the United States’ ties with the rest of the hemisphere are broad and deep. Still reeling from the disproportionate impact of the COVID-19 pandemic, Latin America and the Caribbean has seen the deepest economic contraction of any region in the world. Income inequality is widening, millions of people are being cast back into poverty, and global inflation – made worse by Putin’s war in Ukraine – is straining families’ budgets.  The Americas Partnership for Economic Prosperity will rebuild our economies from the bottom up and middle out.”