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Buenos Aires, 17.09. (Prensa Latina) Argentine President Alberto Fernandez on Friday called for more funding to fight the climate crisis and pointed out the possibility of eliminating surcharges and extending debt payment deadlines.

In his speech at the forum convened by the United States of the major energy and climate economies, the president noted that a Covid-19, climate change and triple debt crisis is hitting hard middle-income countries like Argentina. He insisted on urgently rethinking an international financial concept that includes capitalizing development banks and exchanging debts for climate. “Either we globalize solidarity or indifference,” said the president in his speech after he had stated that the climate and energy transition is fair and not fair to further increase the gaps in prosperity on the planet. Fernandez referred to the Argentina case, recalling that the funds approved by the International Monetary Fund in 2018 amounted to $ 57 billion, which is the total of that institution in the year of the pandemic to 85 nations of the world. This makes it an unsustainable debt, he said after declaring that the ability to abolish surcharges and extend p payment terms are vital for Argentina in current circumstances of health, financial and environmental stress. On the other hand, he recalled that his country had decided to raise its climate standards and commit to carbon neutrality by 2050, even amid a debt situation unprecedented in the world, and warned that a general debt crisis would only exacerbate environmental degradation. In addition to executives, the forum also included representatives from Australia, Bangladesh, Italy, Japan, the United Kingdom, Indonesia, Mexico and other nations from the European Commission, Ursula von der Leyen, and the European Council, Charles Michel; and Secretary General of the United Nations Antonio Guterres.jg / lcr / mgt / may


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