Home Covid-19 Due to a pandemic, AMLO proposes to the G20 to eliminate debt...

Due to a pandemic, AMLO proposes to the G20 to eliminate debt to poorer countries

- Advertisement -

Mexico City /

President Andrés Manuel López Obrador called on the leaders of the G20 to apply the principle of “world brotherhood” and eliminate the amount of debt and payment of its service to the poorest nations of the world, in order to face the global economic crisis due to the pandemic because of covid 19.

On his second day of participation in the virtual meeting of Heads of State of the 20 most powerful economies in the world, the President proposed to ensure that middle-income countries can have access to credit with interest rates equivalent to those in force in countries developed.

“I am sure that cooperation and mutual aid will allow all nations to overcome this painful period. I hope that we will be able to leave in history an example of how to deal with a global health threat and a serious economic crisis ”, he said.

The president stated that, despite the economic crisis that precipitated the pandemic, the income of the country’s public finances has decreased only 2 percent compared to last year ”. However, he accepted that growth slowed at an unprecedented rate in the last 90 years.

“Although we did not contract additional debt, the consequent loss of wealth raised our country’s public debt, from 44.8 to 51.1 of the national gross domestic product”

López Obrador said that thanks to austerity measures and the fight against corruption, Mexico did not have to resort to new loans, and all the resources released were allocated directly, without intermediaries, giving preference to the poor and to members of the middle classes.

“This strategy coincided with the miracle of the increase in remittances sent from the United States of America by our migrant countrymen. This year, despite the pandemic, they will reach a record sum of 40 billion dollars, money that benefits 10 million families ”.







- Advertisement -

Source link by https://www.milenio.com/politica/pandemia-amlo-propone-g20-eliminar-deuda-paises-pobres

*The article has been translated based on the content of Source link by https://www.milenio.com/politica/pandemia-amlo-propone-g20-eliminar-deuda-paises-pobres
. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!


LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

iPhone 11 Pro 512 GB cheaper on Black Friday 2020

The 512 GB iPhone 11 Pro cuts its price With the recent launch of the new iPhone 12, it was to be expected that the...

Exatln Mexico: Keno and Christian weren’t WORTHY rivals for Ernesto; here the controversial reasons

The night of this Sunday, November 22 colossal elimination was carried out as every week in Exatln MexicoHowever, this will be different because days...

CDMX detects a thousand cases of COVID-19 with rapid tests – Noticieros Televisa

Dr. Jorge Ochoa Moreno, general director of the Public Health Services of Mexico City (CDMX), reported that in the capital of the country they...

AMLO asks the church to call the faithful to avoid pilgrimages on December 12

In the context of the pandemic of COVID-19 and on the possible massive assistance to the Basilica of Guadalupe the December 12th, President Andrés...

Recent Comments