Fernandez heads to New Delhi for G20 summit

President Alberto Fernandez to visit New Delhi next weekIndia’s populous capital, which is due to attend the G20 summit, will be his last address at the forum before his term ends, the visit He will embark on an international tour that will keep his schedule busy throughout September.

The 18th Summit of Heads of State and Government of the Group of Twenty (G20), the main forum for international economic cooperation, will be held in India on Saturday, September 9 and Sunday, September 10, under the motto “One Land, One Family, a future”.

After one of the hottest summers on record, the city of New Delhi, a city of 20 million people, will be transformed in two days to accommodate international tourists, with movements and supermarkets, schools, offices, restaurants and Shopping centers will remain closed.

chairman USAJoe Biden, and Chinese President Xi Jinping probably won’t be there.

in the case of Russia, Vladimir Putin has already announced that he will not be traveling to New Delhi, so it is not a big deal that representation in Moscow will be run by Prime Minister Sergei Lavrov.

The venue for the summit will be the convention and exhibition center called Pragati Maidan, which has been fully renovated for the summit and covers an area of ​​nearly 500,000 square meters.

Discuss the global financial architecture

At G20 summit, Fernandez will stick to his proposal Discuss the global financial architecture, The White House recently reported that President Biden himself will advocate reforming the International Monetary Fund (IMF) and the World Bank (WB) during the New Delhi summit to better help developing countries.

In a recent interview with Télam, Foreign Minister Santiago Cafiro said that the G20 is the place to discuss the global financial architecture and welcomed the fact that Biden wants to discuss it, which is in line with Alberto Fernandez’s proposal because ” It reinforces that Argentina will present proposals at a forum “next week”.

“The president has singled out the need to discuss a new global financial architecture on several occasions, noting that the International Monetary Fund was created to act as a lender in times of tension caused by countries’ balance-of-payments crises,” Cafiero commented: “We are here to maintain this situation. Today, its purpose is totally undermined. “

Next week, Argentina will “claim again” in the Indian capital, as it did in Italy in 2021 and Indonesia in 2022, the foreign minister explained.this is a new order in terms of the global financing agenda, climate change financing and fundamentally what the global financial architecture is.”

“Today, the IMF is no longer an institution that makes loans to save a situation, but ends up being a trap for the development of countries,” he warned.

In March last year, the president held a bilateral meeting with Biden, at which he explicitly suggested that international credit organizations “should formulate specific policies for middle-income countries,” which are countries that bear 60% of poverty.

For his part, the US president has pledged to support these requests from Argentina.

The appointment in New Delhi will be Alberto Fernandez’s third face-to-face G20 appearance: last November, he attended Bali, Indonesia, where he suffered from erosive gastritis with signs of bleeding and had to cancel Activity.

Source: Silvina Oranges/Télam

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