Colombia: Samper supports proposal to provide debt relief for LATAM
Bogota, Mar 25 (Prensa Latina) Colombian former president and former general secretary of South American Nations Union Ernesto Samper supported the eve the proposal to provide full debt relief for Latin American countries.
In a context marked by the health emergency, triggered by SARS-CoV-2, Samper tweeted 'using those resources for an emergency fund to finance programs against the virus as the ones developed countries do have with emission funds.'
Latin American Strategic Center for Geopolitics (CELAG), scholar entity headquartered in Argentina, recently advocated providing full debt relief for Latin America as a mitigating measure to Covid-19 pandemic in the region.
In a statement, Samper noted that international and continental relations adopted more humane and cooperative dynamics in the economic area because of Covid-19 presence in almost all countries, disease that has claimed thousands of lives in the world.
In the face of such situation 'we request full debt relief for Latin America's sovereign external debt by the International Monetary Fund and other multilateral organizations,' stressed the text signed by prestigious economists and intellectuals.
The signatories also urged private creditors to accept a restructuring process of the debt to be in arrears with no interests for two years.
CELAG explained the dark financial, economic and commercial background forecasts of an aftermath of the health crisis, and assured it is the time for debt not to be another hindrance that countries have to overcome.
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