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flag IDB launches $1 billion security alliance with 16 Latin American and Caribbean nations to fight organized crime.

flag The Inter-American Development Bank has launched a $1 billion regional security alliance involving 16 Latin American and Caribbean governments to combat organized crime. flag The alliance aims to integrate security measures with economic progress, focusing on reducing community vulnerabilities and strengthening justice institutions. flag It includes organizations like the World Bank and INTERPOL but excludes the U.S. and Canada, though discussions are ongoing with Mexico and Colombia. flag Organized crime costs the region about 3.4% of its GDP annually.

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