From the Document: "The United States maintains strong linkages with neighboring Latin America and the Caribbean (LAC) based on geographic proximity and diverse U.S. interests, including economic, political, and security concerns. The United States is a major trading partner and source of foreign investment for many of the 33 countries in LAC, with free-trade agreements enhancing economic linkages with 11 countries. The region is a large source of U.S. immigration, both authorized and irregular; major factors driving migration include proximity, economic and security conditions, natural disasters, and familial ties. Curbing the flow of illicit drugs has been a long-standing component of relations, involving close cooperation with Mexico, Colombia, Central America, and the Caribbean. U.S. Administrations have long expressed support for democracy and human rights in the region, especially in Cuba, Nicaragua, and Venezuela, and have raised corruption and human rights concerns in other countries. [...] The Biden Administration's FY2022 budget request for foreign assistance to LAC amounts to almost $2.1 billion, nearly 16% over estimated FY2021 appropriations. The request includes almost $861 million to Central America to address the root causes of irregular migration."
CRS In Focus, IF10460
Congressional Research Service: https://crsreports.congress.gov/