Alberto Fernandez Fernandez and Biden raised better financing conditions to tackle the climate crisis

In his presentation at the Energy and Climate Forum, the Argentine president called for lower prices and more conditions before the International Monetary Fund

President
Alberto Fernandez This morning he shared with world leaders in a virtual manner the Major Economies Forum on Energy and Climate (MEF, for its English acronym), a meeting called by its counterpart from the United States, Joe Biden, to give a specific explanation. Discussion on future and necessary actions to address the global crisis of climate change.

In detailing the country’s situation, he noted that “the resources approved by the International Monetary Fund for Argentina in 2018 amounted to 57 thousand million dollars, which is equivalent to all that the International Monetary Fund spent in the year of the epidemic to 85 countries in the world.” This makes it an “unsustainable debt”.

“It is necessary for Argentina to be able to cancel the surcharge and extend the terms of payment, given the current conditions of health, financial and environmental pressures,” the president stated.

The forum was attended by Australian Prime Minister Scott Morrison. Bangladesh, Sheikh Hasina; Italy, Mario Draghi; Japan, Yoshihide Suga, and UK, Boris Johnson; and the presidents of Indonesia, Joko Widodo. Mexico, Manuel Andres Lopez Obrador, and Republic of Korea Moon Jae-in.

The President of the European Commission, Ursula von der Leyen, the European Council, Charles Michel and the Secretary-General of the United Nations, Antonio Guterres, as well as representatives of Germany, Saudi Arabia, Brazil, Canada, China and France, were also part of it, India, Russia, South Africa and Turkey.

“Either we globalize solidarity or we globalize indifference. It is essential that the transition in climate and energy is just, and that the well-being gaps on our planet are not gigantic,” Fernandez stated at the high-level business meeting that is held virtually and is private, that is, it is neither open to the press nor for the general public.

Fernandez noted that “the triple crisis of the pandemic, climate change and debt is hitting middle-income countries like Argentina hard” and stressed that “it is necessary to rethink a new international financial architecture” that includes “development bank capitalization and debt-climate swaps”.

The president noted that Argentina “has decided to increase its climate ambition and commit to carbon neutrality by 2050” even “in the midst of a debt situation, which is unprecedented worldwide” and emphasized that “the generalized debt crisis will only exacerbate environmental degradation.”

In the letter inviting him to participate in the event, Biden thanked the Argentine president for his participation in the Leaders Summit on Climate Change on April 22-23, 2021, and for being one of the hosts of this regional climate change summit. Month.

In that text, the US president noted that “the climate change crisis confronts us both with a profound generational challenge as well as an extraordinary opportunity to create a more prosperous and sustainable economy that benefits us all.”

The meeting seeks to advance efforts on climate change and ensure success at the 26th United Nations Climate Change Conference (COP26), which will take place from 31 October to 12 November 2021 at the Scottish Event Campus (SEC) from Glasgow (UK).

In his presentation at the Energy and Climate Forum, the Argentine president called for lower prices and more conditions before the International Monetary Fund

President Fernandez raised with Biden better financing terms to tackle the climate crisis

President Alberto Fernandez This morning he shared with world leaders in a virtual manner the Major Economies Forum on Energy and Climate (MEF, for its English acronym), a meeting called by its counterpart from the United States, Joe Biden, to give a specific explanation. Discussion on future and necessary actions to address the global crisis of climate change.

In detailing the country’s situation, he noted that “the resources approved by the International Monetary Fund for Argentina in 2018 amounted to 57 thousand million dollars, which is equivalent to all that the International Monetary Fund spent in the year of the epidemic to 85 countries in the world.” This makes it an “unsustainable debt”.

“It is necessary for Argentina to be able to cancel the surcharge and extend the terms of payment, given the current conditions of health, financial and environmental pressures,” the president stated.

The forum was attended by Australian Prime Minister Scott Morrison. Bangladesh, Sheikh Hasina; Italy, Mario Draghi; Japan, Yoshihide Suga, and UK, Boris Johnson; and the presidents of Indonesia, Joko Widodo. Mexico, Manuel Andres Lopez Obrador, and Republic of Korea Moon Jae-in.

The President of the European Commission, Ursula von der Leyen, the European Council, Charles Michel and the Secretary-General of the United Nations, Antonio Guterres, as well as representatives of Germany, Saudi Arabia, Brazil, Canada, China and France, were also part of it, India, Russia, South Africa and Turkey.

“Either we globalize solidarity or we globalize indifference. It is essential that the transition in climate and energy is just, and that the well-being gaps on our planet are not gigantic,” Fernandez stated at the high-level business meeting that is held virtually and is private, that is, it is neither open to the press nor for the general public.

Fernandez noted that “the triple crisis of the pandemic, climate change and debt is hitting middle-income countries like Argentina hard” and stressed that “it is necessary to rethink a new international financial architecture” that includes “development bank capitalization and debt-climate swaps”.

The president noted that Argentina “has decided to increase its climate ambition and commit to carbon neutrality by 2050” even “in the midst of a debt situation, which is unprecedented worldwide” and emphasized that “the generalized debt crisis will only exacerbate environmental degradation.”

In the letter inviting him to participate in the event, Biden thanked the Argentine president for his participation in the Leaders Summit on Climate Change on April 22-23, 2021, and for being one of the hosts of this regional climate change summit. Month.

In that text, the US president noted that “the climate change crisis confronts us both with a profound generational challenge as well as an extraordinary opportunity to create a more prosperous and sustainable economy that benefits us all.”

The meeting seeks to advance efforts on climate change and ensure success at the 26th United Nations Climate Change Conference (COP26), which will take place from 31 October to 12 November 2021 at the Scottish Event Campus (SEC) from Glasgow (UK).

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