In front of ministers and central bank presidents of the G20, Guzmán recalled that the war had “tremendous consequences on the prices of food, energy, metals” and on “supply chains.” In that sense, He called for working together to “find mechanisms to implement policies that allow our societies not to face a very regressive shock.”
“This is different from a financial crisis whose destabilizing effects are more immediate. But increases in inequality have social and political consequences that persist over time, and we must act both individually and collectively,” he said.
At the same time, the Argentine minister emphasized the need to “alleviate the unsustainable debt situations that are going to be experienced in the coming years” and called for “greater transparency” on the part of the creditors, since they know much more about the debtor countries compared to the knowledge nations have about bondholders.
Finally, Guzmán invited to be more attentive to what is happening in Latin America. “Argentina and Brazil are working more closely, and by working together, we can make a significant contribution to global food and energy security,” he said.
Source: Ambito
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