Alberto Fernandez today delayed his departure on a charter flight to Glasgow, Scotland, where he will participate in a new Summit on Climate Change, because he met and spoke with Jeffrey sachs, one of the best known international economists and professor at Columbia University, where he heads a center for environmental studies.
Sachs supported the president’s request to redistribute, in favor of the most vulnerable and also middle-income countries, such as Argentina, the part of the SDRs that the Fund recently distributed for USD 650,000 million but were not used by some countries and They could reassign them to others with scarce resources to face problems derived from the global Covid-19 pandemic or liquidity or debt problems, as in the Argentine case.
This redistribution could be done through the “Resilience and Sustainability” Fund promoted by its director, Kristalina Georgieva, and that largely coincides with requests that Guzmán had raised last April, at the meeting of finance ministers of the G20, together with his Mexican counterpart, the Secretary of Finance and Public Credit Arturo Herrera Gutiérrez.
Guzmán, whose academic mentor, the Nobel Prize in Economics Joseph stiglitz, also a professor at Columbia University, was the one who invited Sachs to come to Rome. But Sachs did not formally participate or speak or participate in any of the G20 Presidents Summit events.
Both Stiglitz and Sachs also came out publicly in defense of Georgieva, when the head of the Fund was harshly questioned for the alleged manipulation of the report “Doing Business 2018” in favor of China, while she was CEO of the World Bank.
Today President Fernández raised in his speech the redistribution of resources as a way of “Build bridges of brotherhood and leave behind the walls of selfishness ”. Too warned that “the 2030 Agenda for Sustainable Development is in intensive care” because “the welfare gaps run the risk of becoming a fracture of catastrophic dimensions” that “the pandemic has increased” with “special severity in Latin America and the Caribbean”.
“I would like my voice to express the desperate cry of the damned of the earth, due to hunger, the absence of work, forced migrations, poverty, gender and racial discrimination ”, he expressed.
In front of the Leaders of the main economies of the world, gathered at the La Nuvola Convention Center, and accompanied by the Ministers of Foreign Affairs and Economy, Santiago Cafiero and Martín Guzmán, and for the Sherpa in the G20 and ambassador to the United States, Jorge Argüello, Alberto Fernández asked “to put the human being at the center of decisions” and assured that “from the peripheries of the world” “financing is needed genuine for development, without the local complicity of those who flee to tax havens ”.
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