Latam, Caribbean leaders meet to draft anti-inflation roadmap

Heads of State agreed to coordinate trade of commodities, fertilizers and other goods

Leaders of 11 Latin American and Caribbean countries agreed to work to outline measures seeking to tame inflation in the region, including better conditions for trade, according to a statement published by Mexico’s presidential office Wednesday.

Agreements reached include the creation of a working group of government representatives aimed at identifying regional measures to coordinate the trade of commodities, fertilizers and other goods.

The group’s action plan is set to be implemented “within a reasonable time frame,” the statement added.

Heads of state from Argentina, Belize, Bolivia, Brazil, Chile, Colombia, Cuba, Honduras, Mexico, Venezuela, and Saint Vincent and the Grenadines participated in a virtual meeting on Wednesday and agreed to schedule an anti-inflation summit for May 6-7 in Mexico. The new anti-inflation alliance also agreed to invite more countries from the region to take part, the statement said.

Argentine President Alberto Fernández attended the virtual meeting from Santiago, where he met with his Chilean counterpart, Gabriel Boric, to celebrate the 205th anniversary of Chilean independence. 

“In Latin America and the world, guaranteeing food sovereignty is fundamental,” Fernández tweeted after the meeting. “In that regard, we also tackled the climate crisis and its effects, which can be seen in Argentina with the greatest drought since 1929, with negative economic consequences.”

The meeting took place the same day statistics from Buenos Aires City government revealed that inflation in the capital was 7.1% in March and is running at 105.5% interannual.



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