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Eleven countries cooperate against inflation

today at 04.04 Johan Edgar

The leaders of eleven countries in Latin America have come together to jointly fight the galloping inflation.

Mexican President Andrés Manuel López Obrador says the goal of the collaboration is to give people access to food and basic products at better prices by, for example, removing import duties and other barriers.

The priority goal is to reduce costs for “the poorest and most vulnerable,” according to a statement released after the meeting, which was also attended by the leaders of Argentina, Belize, Bolivia, Chile, Colombia, Cuba, Honduras, Venezuela and Saint Vincent and the Grenadines.

Like many other parts of the world, Latin America is struggling with rising inflation. The worst is in Argentina, where inflation in 2022 landed at around 95 percent, which is the highest reading in more than 30 years. (TT)

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