Alberto Fernandez insisted on demanding an extension of the debt repayment terms | Participate in a panel discussion held by the United Nations and the International Labor Organization

President Alberto Fernandez again complained to the United Nations (his-hair-it) and the International Labor Organization (International Labour Organization) The need to “promote a charter allowing for the extension of terms to meet debt payments and the application of lower rates under current conditions of social, health, financial and environmental pressures”.

Today the president urged “a rethinking of a new international financial architecture” to confront “the triple crisis of the pandemic, climate change and debt that is hitting middle-income countries like Argentina hard”.

He did this by participating in a virtual way in the High-level Dialogue convened by the Secretary-General of the United Nationsand António Guterres and the International Labor Organization to discuss a coordinated international response to the impact of covid-19 in the world of work.

over there, Requested very Get creative with debt-climate swaps, “to conduct an in-depth discussion on the role of credit risk rating agencies and their methodologies for their work” and “to deepen the debate on the new global minimum tax, so that it urgently favors emerging economies and contributes to a wealth deconcentration measure.”

“The issues that occupied our agenda before the pandemic require new approaches and greater resources. The head of state said in the committee on “national and regional commitments to create decent jobs, expand social protection and support a just transition” that global health, climate change and sovereign debt should be rethought at the global level.

While acknowledging that “the G20 leaders have understood the gravity of the current crisis and taken the first steps to address social and economic emergencies,” he considered that “these measures are not enough” because “it is necessary to give middle-income countries greater participation so that emerging economies also benefit.” “. He expressed that although “the International Monetary Fund has taken measures that were unimaginable only a year ago”, such as opening the issuance of $650,000 million in Special Drawing Rights, “this opens the door to a hope that needs to face the consequences of the epidemic.” “There is still much to do.” In this sense, the President urged the development of a “great global solidarity pact, involving low- and middle-income countries that are climatically, socially – productive and financially vulnerable”.

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In addition, Fernandez emphasized that “the time has come for an environmental pluralism that avoids any attempt to discriminate against the poorest countries that are supposed to be environmental barriers” and supported the promotion of “4.0 jobs and the strengthening of digital skills that will allow for climate adaptation.” relevant labor markets and socially inclusive recovery.”

In his speech, he also drew attention to the fact that “the world is already showing a two-speed recovery, which means that, once again, many will be left behind.” We must take advantage of this crisis to appear mutant. To drive the transition towards a more digitized, resilient, sustainable and people-centred economy,” he noted.

Besides the president, his Costa Rican counterparts Carlos Quesada; from Ecuador, Guillermo Lasso; Prime Ministers of Belgium, Alexandre de Croo, and Mostafa Madbouly of Egypt, as well as representatives from Nigeria, India, Bangladesh, Rwanda, El Salvador, Pakistan and the European Union.

Freddie Dawson

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