Pedro Sanchez announced to the G20 that it would increase the amount allocated to the entity of the World Bank which provides aid to poorer countries, ensuring that Spain “is ready to lead by example”. However, this commitment to the development of these countries contrasts with the actions of Sanchez after the DANA floods that devastated Valencia, when he urged the president of the Generalitat, Carlos Mazon, that if he needed more resources, “he should ask for them.”
Specifically, the leader of the Spanish executive will commit 400 million euros to the next reconstitution of the International Development Associationwhich represents an increase of almost 40% compared to the previous replacement. Furthermore, Pedro Sánchez asked other leaders, in his speech to the G20, to increase their “ambition” to guarantee an adequate international financial architecture.
Sánchez went this Monday to the G20 summit that the consequences of the recent damage that has affected the Valencian Community are celebrated in Rio de Janeiro to try to raise awareness of the need to act in the face of climate change which has once again warned that it “kills”. The president discussed the effects of this damage in his speech to the rest of the G20 leaders at the summit, all except Russian President Vladimir Putin.
Government sources reported that during this intervention, behind closed doors like that of the rest of the leaders, with the exception of the host, the Brazilian president Luiz Inácio Lula da Silvathe chief executive stressed that it is imperative to redouble efforts in the fight against climate change. “Climate change kills,” he said verbatim, according to these sources, repeating the message he had also conveyed a few days ago during the climate summit being held in Baku, the country’s capital. Azerbaijan.
As an example of the cost of human lives that climate change represents, he cited what happened recently with this damage, which has so far caused 227 deaths in three autonomous communities, most of them in the province of Valence. Sánchez demanded that in the face of this type of consequences of climate change, the G20 countries give the necessary impetus to guarantee the success of the negotiations at COP29 in Baku. A boost, he explained, that accelerates the implementation of the Paris Agreement and ensures sufficient funding from a wide range of sources and contributors.
Furthermore, Sanchez defended the creation of a global wealth tax, as proposed by Brazilian President Lula da Silva. In this sense, the leader of the Spanish Executive indicated that it is necessary to promote actions to improve access to capital in developing countries that need it, as well as policies to combat evasion and tax evasion and to improve tax justice. “Measures such as a global tax on the wealth of large fortunes, as you propose and which we defend together, President Lula,” Sánchez said, according to Moncloa sources.
