Andina

Peru proposes regional credit program to face food, fertilizer shortages

Photo: ANDINA/Presidency of the Republic of Peru

Photo: ANDINA/Presidency of the Republic of Peru

17:00 | Los Angeles (U.S.), Jun. 10.

The President of the Republic Pedro Castillo on Friday proposed implementing a credit program at the regional level with which fertilizers and food will be subsidized, in response to the eventual shortage of said products.

In his speech during the Leaders' Second Plenary Session at the IX Summit of the Americas, the Head of State said he suggests establishing an alliance with the Inter-American Development Bank (IDB) to implement this proposal.

"Peru proposes establishing with the IDB a regional credit program aimed at financing subsidies for fertilizers such as urea and other phosphates, as well as for foods whose consumption is essential for the population," he explained.

The top official reminded dignitaries that at the General Assembly of the Organization of American States (OAS) Peru promoted the approval of a resolution in order to establish mechanisms to deal with this situation.

Respect for the rule of law

During his speech, Mr. Castillo said his administration is "absolutely respectful of citizen liberties and the rule of law," adding that his legitimacy comes from having been elected by a majority at the polls.

The top official affirmed that on the continent there is "an urgency to preserve our democracies from the threats posed by authoritarian impulses, institutionalized corruption, and other anti-democratic groups, as well as the impact of organized crime."

"The peoples of the Americas have the right to democracy and their governments have the obligation to defend it," he noted.

After confirming that Peru will sign the Los Angeles Declaration on Migration at the end of this summit, Mr. Castillo proposed that a human rights-based approach should be applied to migration policies.

This should tend to protect migrants and the countries that host them, he said.

In this sense, the Peruvian President pointed out that there are more than 3 million Peruvians who have emigrated, adding that Peru has received more than 1 million immigrants in recent years.


UN Secretary

Previously, President Castillo greeted United Nations Secretary-General Antonio Guterres and expressed his administration's support to join efforts in search of peace and security for the fulfillment of the UN Sustainable Development Goals.

(END) FGM/CVC/MVB

Published: 6/10/2022