There is an urgent need to recreate payment systems in Latin America: mincomercio

Commerce Minister Germán Umaña, at the meeting of the Alliance of Latin American and Caribbean Nations Against Inflation, supported the need to “recreate clearing and payment systems” in the region.

“Some of us call it the Latin American Monetary Union, and this will serve to run this commercial exchange in a different way than what we do with hard currency dominance,” the Commerce Secretary said during his speech.

During his participation, the minister indicated that the Colombian government endorsed the position of the presidents of Argentina, Alberto Fernández, and of Colombia, Gustavo Petro, on the creation of “a common stock market for the least favored sectors, which would provide an immediate and clear solution on the part of all of us who are here as part of Latin American and Caribbean solidarity”.

Umaña, in turn, called for joint efforts, through the exchange of public and technology policies, to strengthen food sovereignty in the region.

In the same scenario, the head of the ministry referred to the transition to a Green Pact, but “as a historic opportunity for solidarity between developed and developing countries”.

“The question of this solidarity in addition to the Green Pact cannot but be on the agenda of the meeting of the Community of Latin American and Caribbean States (CELAC), Latin America and the European Union (EU), said Umana.




Source: El heraldo

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