The Alliance for Economic Prosperity in the Americas (APEP), which has not yet turned two years old, has served to bring closer the common positions between its sponsor, USAand the Uruguayeven allowing the government of Luis Lacalle Pou score several triumphs in the area of foreign policy.
Argentina evaluates joining the Alliance for Economic Prosperity in the Americas. The issue was addressed by the Minister of Economy, Luis Caputoduring his recent participation in the meeting that the Inter-American Development Bank (IDB) took place in Punta Cana, reported the NA agency.
Foreign investors look to the Argentina closely as a great business opportunity if it managed to stabilize its macroeconomy. Businesses such as lithium in the north were mentioned repeatedly during the IDB Annual Meeting. Although, there is still some caution about the future of the country in the coming years.
Ilan Goldfajnpresident of the IDB, highlighted the IDB Investthe arm of the multilateral credit organization that focuses on the private sector, provided a $50 million loan to the global lithium producer last December Allkem. “This will help us promote the development of the low-carbon and climate-resilient private sector in the Argentina“he added.
The APEP, created by the president of USA, Joe Bidenwith the intention of strengthening the economic association with Latin American countries and reducing the influence of Chinais currently made up of Canada, Barbados, Chili, Colombia, Coast delicious, Republic Dominican, Ecuador, Mexico, Panama and Peru.
It was within the framework of that forum that President Luis Lacalle Pou managed to USA choose Uruguay to lead a regional startup acceleratorwhich will have an investment of 5 million dollars from the Biden administration and another 3 million from Canada.
The country will manage a network of investors aimed at mobilizing risk capital for local and regional entrepreneurs, on the one hand; and, on the other, a regional startup accelerator will be created, with support from Washington.
“Uruguay It is an example of what is possible. And that gives confidence. President Biden told us that he was very enthusiastic about President Lacalle Pou’s willingness to lead this initiative. The country has a lot to share with the region,” he commented to Ambit In January the director of Strategy for the Western Hemisphere of the White House, Ramon Escobar.
Source: Ambito
