Latindadd, red consists of 31 organizations of 14 Latin American countries, complained “Lack of ambitions, transparency and justice” The 4th International Financing Conference for Development held in Seville is closed today. According to this organization, real problems were not considered in detail, such as duty, the fight against climate change and tax justice. Its analysis coincides with the fact that other groups did before the celebration of the summit, due to Seville’s commitment projects.
The organization is focused on disproportionate weight Debt on the countries of Latin America and the CaribbeanSince payments of state debts triple health and dual education expenses. In 2024, although the region was concentrated by 5% of global public debt, 35% of the income of countries in this area were allocated for debt payment, which, according to Natalie Begin, the popularity of Latindad, “a strange state opportunity to guarantee fundamental rights”.
In addition, 70.7% of this debt are in private hands and with interest rates 8.5 times higher That those who are faced with the northern economy, “which shows a structurally unfair system,” says Miranda.
“A multilateral is put on the card. Framular Convention of the United Nations on Sovereign DistilleryField
Fiscal evasion
This network of civil society organizations of Latin American also condemns this “Evasion of the budget in these countries reached $ 433 billion in 20236.7% of regional GDP, while the richest 10% concentrate on 55% of income, “according to Adrian Falco, coordinator of the region of financial justice. Therefore, this organization confirms its support Framework Convention on International Tax Cooperation under the auspices of the UNAs a fair alternative to the current regulatory control of the OECD (organization of economic cooperation and development).
Another issue of special relevance in which Latentad emphasized was a climatic crisis, a warning about the absence of consistency between climatic discourse and real financing mechanisms. “Latin America and other regions of the South Global They need almost $ 6 billion until 2030 to fulfill their climatic obligationsBut in 2022, 81% of the financing received was in the form of a debt, mainly through the World Bank and IDB (Inter -american Bank Development Bank). “This is not fair climatic financing, this is more financial burden,” says Carola Mehiya, the coordinator of the field of climatic justice.
The network condemned the role of the European Union as one of the blocks that impede the real reform of the system and said Global route based on justiceThe field “We are not talking about a charitable organization or assistance, but about recognizing the historical duty of the North with the south and the assistance of transformation, which solve the structural inequality of the economic, financial, tax and commercial systems at the world level,” Miranda stands out.
