Waiting for the meeting of Luis Caputo with Kristalina Georgieva, of the IMF, and Janet Yellen, of the Treasure of USA, Economy officials participated this Wednesday in Brazil of a meeting to establish a Global Alliance Against Hunger and Poverty within the framework of the G20 Ministers Meeting.
In the city of Rio de Janeirothe Secretary of Finance, Pablo Quirno, participated this day in the Ministerial Meeting of the Working Group for the establishment of an agenda for combat food and nutritional insecurity affecting the world’s population.
The meeting was attended by the President of Brazil, Lula da Silvawho spoke out in favor of implementing policies to address hunger and poverty. The Brazilian holds the pro tempore presidency of the G20.
“The Global Alliance against Hunger and Poverty is born from this political will and this spirit of solidarity.“This will be one of the main outcomes of the Brazilian G20 presidency. Its aim is to give renewed impetus to existing initiatives, aligning efforts at national and international levels,” he said.
Representatives of the Cluster of leaders discussed about “The State of Food and Nutrition Security in the World” and discussed the different policies applied by the member countries in relation to this agenda, according to the Ministry of Foreign Affairs. Economy.
Luis Caputo’s agenda at the G20 Ministers’ meeting
In parallel, the Minister of Economy, Luis Caputo, is preparing to lead multiple meetings with authorities from the main global organizations.
The government official Javier Milei will begin his agenda this Thursday. In this context, the Minister is expected to hold meetings with the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva and the US Treasury Secretary, Janet Yellen.
The minister is expected to resume negotiations for request a disbursement of money to the IMF to deal with the fall in reserves and give air to the economic plan of Milei.
Both meetings will take place in a context of strong volatility in the stock market and in the parallel markets in Argentina, initiated after the announcement of Caputo which opened the doors to the intervention of the BCRA in financial dollars to contain the gap with the official market.
In addition to meeting with Georgieva and Yellen, he will also do the same with the President of the World Bank, Ajay Banga and with the head of the Inter-American Development Bank, Ilan Goldfajn, an old acquaintance of the country: the Brazilian was Director for the Western Hemisphere of the IMF and one of those involved in the last agreement with Argentina.
Caputo will then hold a meeting with Mathias Cormann, Secretary General of the Organisation for Economic Co-operation and Development (OECD)the organization that encompasses the world’s largest economies with democratic regimes.
In May, Argentina received the roadmap that it must implement to enter the organization. The country expressed in 2016, during the presidency of Mauricio Macri, their desire to join the bloc. Despite the “positive talks,” according to Cormann, The process did not advance during Alberto Fernández’s government.
At the beginning of July, the Government took a further step towards Argentina’s accession to the declare the process of “National Interest” and create a “Inter-ministerial Coordination Commission”. The OECD’s objective is to promote economic growth, equity and sustainable development.
As specified by Economy, The minister will also participate in the discussion panels on the Global economic outlook and current challenges; the Financial sector issues and financial inclusion; and the International tax cooperation.
“In this framework, the Minister will also analyze together with the representatives of the G20 issues related to the Unlocking finance to achieve climate and sustainable goals and will be the keynote speaker at the Financing panel development: links between debt, capital flows and the reform of the Multilateral Development Banks,” they concluded.
Source: Ambito
