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IDB launches $1 billion security alliance with 16 Latin American and Caribbean nations to fight organized crime.
The Inter-American Development Bank has launched a $1 billion regional security alliance involving 16 Latin American and Caribbean governments to combat organized crime.
The alliance aims to integrate security measures with economic progress, focusing on reducing community vulnerabilities and strengthening justice institutions.
It includes organizations like the World Bank and INTERPOL but excludes the U.S. and Canada, though discussions are ongoing with Mexico and Colombia.
Organized crime costs the region about 3.4% of its GDP annually.
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BID lanza alianza de seguridad de $1 mil millones con 16 naciones latinoamericanas y caribeñas para combatir el crimen organizado.