International
President Lula proposes to advance the integration of South America
May 30 |
The president of Brazil, Luiz Inácio Lula da Silva, opened the summit of South American leaders on Tuesday with a speech in which he stressed the importance of regional integration for “strengthening unity”.
“I have the firm conviction that we need to reinforce our commitment to the region”, assured Lula, who considered that “the integration of South America depends on the feeling of remaining part of the same community”.
The Brazilian leader said that the elements that unite the region “are above ideologies”. “No country can face the current threats in isolation,” he warned.
The Brazilian president called for overcoming ideological differences that affect the will for integration, when inaugurating in this capital the summit of leaders of South American countries.
“In the region, we let ideologies divide us and interrupt the integration effort. We abandoned channels of dialogue and cooperation mechanisms and, with that, we all lost, Lula declared before 11 leaders gathered behind closed doors at the Itamaraty Palace, headquarters of the foreign ministry in Brasilia.
Lula mentioned the “deep marks” left by the coronavirus pandemic and the danger of hate speech on social networks.
“From Patagonia and Atacama to the Amazon, from the Cerrado and from the Andes to the Caribbean, we are a vast continent bathed by two oceans. We are a human, historical and cultural, economic and commercial entity, with common needs and hopes,” he said.
Lula highlighted his country’s willingness to resume regional integration instruments, such as the Union of South American Nations (Unasur) and the Community of Latin American and Caribbean States (Celac).
“South America has before it, once again, the opportunity to walk the path of union. And I do not need to start from scratch,” he said.
The host president also suggested a series of proposals for the development of South America, such as investments in infrastructure and development projects, in the fight against climate change, in vaccination coverage, in the constitution of an energy market, in academic mobility programs, and in the area of defense.
Lula proposed the creation of a “high level group”, formed by representatives of the presidents, to prepare within 120 days a new “road map for the integration of South America”.
He highlighted some of the points to be discussed with the South American presidents: – 1) – To place economic reserves at the service of regional development. 2) – To deepen the regional economic identity in order to reduce dependence on foreign currencies. 3) – To expand cooperation in services, investments, electronic products. 4) – To update the plan of the South American Council of Infrastructure. 5).- To develop actions against climate change. 6) – Reactivate the South American Institute of Government in Health (ISAGS/Unasur).
International
US panel backs Trump-themed coin amid controversy
The United States Department of the Treasury confirmed to AFP that the Commission of Fine Arts approved the design of a new collectible coin featuring Donald Trump, with members of the commission appointed by the current administration.
According to the proposal, the coin will feature an image of Trump standing with clenched fists over a desk on the obverse, while the reverse will display an eagle, a traditional symbol of the United States.
The sale price of the collectible has not yet been disclosed, although the United States Mint typically offers similar items for more than $1,000.
“There is no more iconic portrait for the front of these coins than that of our president Donald Trump,” U.S. Treasurer Brandon Beach said in a statement sent to AFP. He added that two additional coins — a $1 piece and a one-ounce gold coin — are also under consideration.
However, the Citizens Coinage Advisory Committee (CCAC), another body responsible for reviewing new coin proposals, declined to discuss the Trump design in late February.
“Only nations governed by kings or dictators place the image of a sitting leader on their currency,” said Donald Scarinciat the time. “No country in the world has minted coins featuring a democratically elected leader during their term in office,” he added.
When contacted by AFP, the Treasury Department did not immediately respond to requests for further comment.
International
Fed’s Waller warns of rising inflation risks amid Middle East conflict
Christopher Waller, a governor at the Federal Reserve, said Friday that he is increasingly concerned about the inflationary impact of the ongoing conflict involving United States and Israel against Iran, particularly due to the prolonged closure of the Strait of Hormuz.
Waller, who had supported interest rate cuts over the past year amid concerns about the labor market, said he has shifted his stance in recent weeks due to rising inflation risks.
“Since the Strait of Hormuz was closed, it suggests this conflict could be much more prolonged and that oil prices will remain elevated for longer,” Waller said in an interview with CNBC.
“Therefore, this indicates that inflation is a greater concern than I had previously assessed,” he added.
Waller also backed the Federal Reserve’s decision earlier this week to keep interest rates unchanged, signaling a more cautious approach as global geopolitical tensions continue to affect economic outlooks.
International
Brazil offers to mediate Colombia-Ecuador tensions, calls for restraint
The government of Brazil has offered to mediate in the ongoing tensions between Colombia and Ecuador, while calling on both nations to exercise restraint.
In a statement released Wednesday, Brazil’s Ministry of Foreign Affairs urged the parties involved to act with moderation and seek a peaceful resolution to the dispute.
“Brazil encourages all sides to act with moderation in order to find a peaceful solution to the controversy. It stands ready to support dialogue efforts aimed at preserving peace and security in the region,” the statement said.
Brazil also expressed “serious concern” over reports of deaths in the border area between Colombia and Ecuador, noting that the circumstances surrounding the incidents have not yet been clarified.
The diplomatic move comes amid rising tensions between the neighboring countries, increasing regional concern over stability and security along their shared border.
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