Best News Network

Latin America leaders call for more international funding at summit

Issued on: Modified:

Countries from Latin America and the Caribbean on Tuesday called for more international funding in the region following economic and climate crises, in a final declaration after a summit held in the Argentine capital of Buenos Aires.

“We stressed the need for international regional financial institutions, such as the Multilateral Development Banks, to improve credit facilities through clean, fair, transparent and accessible mechanisms,” the document said.

The 111-point “Declaration of Buenos Aires” from the Community of Latin American and Caribbean States’ (CELAC) seventh summit described how effects of COVID-19, climate change and the war in Ukraine had rippled across the region. 

“We express our concern that several countries emerged from the pandemic with higher levels of public debt,” it said. 

The statement also stressed the importance of democracy across the region, expressed support for negotiations between the Venezuelan government and its opposition, and demanded the United States lift its blockade on Cuba.

Venezuelan President Nicolas Maduro sent a recorded message saying he had chosen not to attend due to “permanent conspiracies, the permanent threat, calculated ambushes.”

Brazil’s President Luiz Inacio Lula da Silva’s presence at the summit meanwhile marked his first trip abroad since taking office on Jan. 1, as well as Brazil’s return to CELAC after his predecessor Jair Bolsonaro left the community.

Uruguayan President Luis Lacalle Pou was a dissenting voice, calling on leaders to not have a one-sided vision according to their ideology, and saying “there are countries here that respect neither democracy nor institutions nor human rights.” 

He did not identify any nation by name.

Saint Vincent and the Grenadines was voted to take over CELAC’s rotating presidency for 2023.


Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Health News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! NewsAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.