Funes to Manage Security Funds from the United States

SAN SALVADOR – Salvadoran President Mauricio Funes and his government will manage the distribution of a $200 million security investment into Central America, an announcement by U.S. President Barack Obama when he was in El Salvador in March. Funes and his administration will help funnel cash into a regional security fund that could cost upwards of a billion dollars, according to figures released from the current gathering of defense ministers, security agencies and other governmental agencies in Central America. The report was from the website Contrapunto.com.sv.

The international forum, began meeting Tuesday, May 10 in San Salvador. A major topic of discussion at the meeting was the current status of ocean security of Panama and Costa Rica, nations without naval powers. The next meeting of the group will be held in June in Guatemala.