Overview

• The Americas Partnership for Economic Prosperity Leaders' Summit on Nov. 3 will host leaders from South American nations to further cooperation on economic growth and irregular migration.
• The summit aims to drive inclusive growth and manage drivers of irregular migration, coupled with the United States' move to allocate $6.4 billion for border security, amidst record-setting illegal border crossings.
• The summit comes after the U.S. eased sanctions on Venezuela's oil sector, ignited by an electoral agreement between the Venezuelan government and its opposition, and resumed deportations to the country. Meanwhile, an influx has been reported of migrants from Venezuela due to economic and political instability.
• In response to rising illegal migration, the U.S. has initiated 'Safe Mobility Offices' in several South American countries to streamline refugee processing and other humanitarian and employment permits, as part of its strategy to promote legal migration pathways.
• Despite criticism from Republicans and some Democrats, Biden's administration continues to seek comprehensive solutions to immigration issues, demonstrated by its request for $6.4 billion from Congress to bolster border security programs and manage a surge in asylum seekers.