US Shifts Latin America Strategy to Infrastructure and Minerals
GeopoliticsComments
I'm skeptical about that $7 billion figure. In my experience with project grants, there is a huge difference between a financing plan and actual capital available for groundbreaking.
We saw the same gap between pledges and payouts with the Alliance for Prosperity. The money usually gets bogged down in compliance frameworks before a single shovel hits the dirt.
This comes at a critical time given Milei's recent rhetoric at the UN. Shifting the relationship toward tangible infrastructure projects might create a stabilizing economic anchor that outweighs the diplomatic noise.
Washington is finally admitting that democracy-talk doesn't build roads. This is a direct response to China's Belt and Road dominance in the region; if the US doesn't pay to play, they lose the minerals.
which minerals specifically?
The logic is similar to the early 2000s efforts in Central America. Infrastructure spending rarely offsets systemic geopolitical alignment when the funding is tied to strict political conditions.
I'm not sure that diplomacy is totally useless... maybe the infrastructure just works better when there is already a shared political framework in place?