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June 8, 2022
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Summit of the Americas: IDB plans to finance the private sector in the region

Summit of the Americas: IDB plans to finance the private sector in the region

The Government of the President of the United States, Joe Biden, has already advanced a reform, which he plans to present at the IX Summit of the Americas, which takes place in the city of Los Angeles until next Friday.


The Vice President of the United States, Kamala Harris, announced on Tuesday the launch of her “Call to Action” plan, whose objective was to promote economic opportunities for the region.

In this sense, the official specified that the investment will be around 1,900 million dollars. “This investment is on track to generate, as a result of what we have done so far, tens of thousands of jobs, investments in sectors such as agriculture and textiles. This investment also means that more than 10 million people will have access to banking services and credit within that region,” she said.

Likewise, the second-in-command of North American politics assured that she has the possibility of promoting “the business vision and the wishes of the people in the region”, some of which she heard just before her comments.

Harris’s announcements come when he held a private round table with women leaders and businesswomen, within the framework of the IX Summit of the Americas.

The VP then announced the second major update to her root cause work. Harris said that she will launch “In Their Hands,” a new private-sector program aimed at empowering, training and protecting women in the northern region of Central America and throughout the Western Hemisphere.

“I think we all agree and strongly believe that when women succeed, all of society benefits and that is the work that we have done guided by that principle with our root cause strategy,” Harris said.

He also unveiled an associated project in the US government, which, together with civil society, aims to reduce gender violence.

IDB will finance the private sector

The president of the Inter-American Development Bank (IDB), Mauricio Claver-Carone, anticipated on Tuesday a reform in the entity with which he intends to give greater prominence to the private sector and thus double financing in the region.

“Our goal is to equate the sovereign portfolio and the private sector portfolio, which would basically double the financing that we are carrying out,” Claver-Carone said in an interview.

The government of the president of the United States, Joe Biden, has already advanced a reform, which he plans to present at the IX Summit of the Americas, which takes place in the Californian city until next Friday.

“Today we are institutions of billions of dollars, but the problems in the world are of trillions of dollars”, justified the president of the IDB, they want to remark that it is the private sector where more money can be mobilized.

And he added that “governments can continue to put money to support the region on the sovereign side, but it is limited.”

*Also read: Summit of the Americas: Almagro denounced the increase in inequality and violence on the continent

criminalization of journalism

The United States government on Tuesday accused the governments of Cuba, Nicaragua and Venezuela of criminalizing journalism, and assured that its country invests to protect press freedom on the continent.

“In Cuba, Nicaragua and Venezuela, the simple act of doing independent journalism is a crime,” said US Secretary of State Antony Blinken during a dialogue on the occasion of the Summit of the Americas.

Given this, Blinken assured that the United States “works throughout the region to strengthen the rule of law,” training judges and prosecutors on crimes against journalists.

In addition, he indicated that the United States Agency for Development (Usaid) will invest nine million dollars for a global defense fund for journalists and the media.

Conversation with Guaidó

On the other hand, the undersecretary of the Department of State for Latin America, Brian Nichols, announced this Tuesday that the North American president will hold a telephone conversation with the Venezuelan opposition leader Juan Guaidó.

Nichols specified that, although the president of the National Assembly of Venezuela, elected in 2015, was not invited to the IX Summit of the Americas, “there will be the participation of some Venezuelans who are members of the interim government in some of the events surrounding the event.” .

The senior US official also said that Biden will call Guaidó between this Tuesday and Wednesday to talk, since the United States has recognized him since 2019 as “interim president of Venezuela.”

“We will always maintain our support for the negotiation process between the Unitarian Platform (opposition) and the regime of Nicolás Maduro,” Nichols says.

With information from Eph / Infobae / CNN


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