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Ibero-American presidents advocate for better rates for debts

Presidentes iberoamericanos abogan por por mejores tasas para las deudas

In the opening remarks of the Summit plenary, the president Luis Abinader said it was imminent drive a "financial architecture" that had as its principle and foundation the required institutionalized legal certainty and that was capable of attract investment to mitigate multidimensional crises countries experience as a result of situations such as the pandemic, international conflicts, the adverse effects of climate change and the subsequent uncertainty in international markets.

In the press conference at the end of the conclave, the president explained that this was a proposal by the president of Argentina, Alberto Fernández, supported by the president of Colombia, Gustavo Petro, who proposes negotiate as a single bloc with multilateral financial organizations so that they can achieve lower interest rates and better conditions of the current indebtedness of their economies.

Ministers meeting
The Ibero-American Secretary General, Andrés Allamand, said that this has been a general decision of the presidents, but that a meeting of the economy ministers will be required Ibero-Americans to make specific proposals to the IMF, the World Bank and the IDB, without excluding any country.

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