Hear
The former Minister of Economy Martín Guzmán will participate tomorrow in a conference at the Vatican that will have debt in the Global South as its central topic. It will not be the only Argentine presence that the meeting will have, since Pope Francis will also be there; Guido Sandleris, former president of the Central Bank, and Gustavo Beliz, academic member of the Pontifical Academy of Social Sciences (PASS), among others.
Co-organized by PASS and Columbia University Initiative for Policy Dialogue (IPD), The conference will feature a presentation by Nobel Prize winner Joseph Stiglitz.
In this meeting, which, as stated, will focus on the debt crises of the countries of the Global South, It will be discussed what reforms should urgently be adopted for the international financial and tax architecture for sustainable financing, as well as the lending policies of the International Monetary Fund (IMF).
According to the organizers, Some specific proposals that will be discussed will be the IMF’s interest rate policy; reducing the Fund’s interest surcharges, and reintroducing the Champerty law, which prohibits activity in “vulture” funds, into New York lawand which had been eliminated in 2004. A bill has already been presented.
Likewise, speakers will talk about the lowering of the interest rate for debts in default issued under New York legislation from 9% to the interest rate on United States Treasury bonds – a bill has already been presented. , the new issuance of special drawing rights (SDR) in the IMF, debt restructurings of countries in crisis, and proposal from the United States Treasury presented by the Undersecretary of International Relations, Jay Shambaugh.
The conference will begin with a speech by Pope Francis on debts and multilateralism. He will be followed by a large group, made up of ministers, secretaries of State, directors of international organizations, academics, religious leaders, and civil society organizations.
In addition to those already mentioned, Other Argentines who will be present will be Sebastián Ceria, founder and president of Fundar, and Maia Colodenco, director of the Global Initiatives Department of Suramericana Visiónand former Secretary of International Affairs of the Ministry of Economy of the Nation.
They will also participate in this conference Fernando Haddad, Minister of Economy of Brazil; Jay Shambaugh, Undersecretary of International Relations of the United States Treasury; Carlos Body, Minister of Economy of Spain; Emmanuel Moulin, chief of staff of the Prime Minister of France; Antoinette Sayeh, Deputy Managing Director of the IMF; Markus Brunnermeier, professor at Princeton University; Nadia Calviño, president of the European Investment Bank and former vice president of Spain; Jin Liqun, President and Chair of the Board of Directors, Asian Infrastructure Investment Bank, and Albert Muchanga, Commissioner of the African Union.
THE NATION
