“Ecofin, this summit is a A historical turning point that will change the relations between Europe And Latin America”. This is how he described the questions recently. El Correo Gallego, from Prensa Ibérica first vice president and acting Minister of Economy, Nadia Calviño informal meeting of Ecofin, which brought together yesterday and today morning the Ministers of Economy and Finance of sixty states representing approximately 14% of the world’s population and 21% of the gross domestic product (GDP).
And so he reiterated this in the press conference following the meeting between the Latin American and Caribbean Development Bank (CAF) and the Inter-American Development Bank (IDB), as well as the European, Latin American and Caribbean ministers. “An unprecedented meeting“, described as emerging unanimous consensus that multilateralism should be strengthened and “continue to move forward together around this agenda.”
This agenda is nothing else European Global Gateway strategyThe European Union will invest 45,000 million euros From now until 2027, different projects will be carried out around three main axes: greenHE digital And reducing inequalities and social development.
In this way, it can be said that the European Union’s exports to the region on the other side of the Atlantic, and the resilience plan that gave such good results in the old continent, began to face the crisis. Crisis arising from the global pandemic of Covid-19.
deep gratitude
After coming to the meeting yesterday morning, the President of the Latin American and Caribbean Development Bank (CAF), Sergio Diaz-Granados; and the Minister of Finance of Saint Vincent and the Grenadines, who currently holds the interim presidency of the Community of Latin American and Caribbean States (CELAC),Camillo GonçalvesHe emphasized the importance of making further progress during their stay in Santiago de Compostela on the projects to be carried out within the framework of the strategy already communicated at the summit between both transnational organizations in July.
And so they were, so they will be 170 projects This will reach more or less each of the 33 countries in the region. Some even proceeded to press conference after meeting, e.g. Metro line 2 in Bogotá, Colombia Despite the interest of the private sector, it is in an advanced level of development.
“We talked about real projects and we have demonstrated a commitment to having a governance framework that will ensure that these are met,” Calviño said. The number two official of the Spanish Government stated the following, using a metaphor referring to the place where the meeting was held: “Today’s meeting the first stone that built this chapel “This will result in a cathedral that will serve to fund sustainable growth and a better world for future generations.”
Both representatives mentioned earlier and Ilan GoldfjanIn this context, the IDB President thanked the Spanish vice president and his team, who have been working intensively in recent months on the mission that “Spain’s Presidency of the European Union will not last only one term and will survive for a long time.” “This was done by giving content to the July meeting,” Gonçalves said.
Strengthening the global financial network
The second issue discussed at the meeting between those responsible for Finance portfolios on both sides of the Atlantic was strengthening the global financial network.
We put on the table an issue where the crisis stems from the Covid-19 pandemic and the current global inflationary situation resulting from Russia’s invasion of Ukraine. CELAC states They feel this is even more necessary due to the persistent climatic conditions that plague the region. However, this is a debate that is still in its infancy and will continue to be discussed, for example, at the United Nations General Assembly next week.
A geopolitical reading
The agreements reached by the EU with CELAC also clear geopolitical reading. And the community organization is currently in the process of investing in a bid to resist China’s still-growing presence and influence around the world. In this context, in addition to the Global Gateway strategy.
after the last one G-20 meeting was held in New Delhi At the beginning of September, both the European Union and the United States reached an agreement. new investment series aims to promote new transport, energy and digital connections between the old continent and in this case India and the Middle East