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Ibero-American Business Meeting to begin this Thursday

Ibero-American Business Meeting to begin this Thursday
Photo: Ibero-American General Secretariat

March 23 |

The XIV Ibero-American Business Meeting, which is organized in the framework of the XXVIII Ibero-American Summit of Heads of State and Government, will begin this Thursday afternoon at the Sansouci Convention Center in Santo Domingo, Dominican Republic.

According to its organizers, the event will have the slogan “Together for a fair and sustainable Iberoamerica” and will be held until Friday. On this day, several heads of State and Government are expected to participate, who will discuss the topics on the agenda, in addition to awarding the Ibero-American Quality Award and handing over the Presidency of the Council to Ecuador.

The topics to be discussed will be investment, sustainability, climate action, social commitment and new financing models, and connectivity and digital transformation. Tourism, infrastructure, energy and ecological transition and gender equality will also be discussed.

At this meeting, the report “Latin America Economic Outlook 2022” will be presented and five panels will be held, led by ministers from the Dominican Republic and other personalities from the region.

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The activities will be led by the Vice President of the Dominican Republic, Raquel Peña, and the Ibero-American Secretary General, Andres Allamand. The event will be attended by more than one thousand businessmen from the region.

Meanwhile, the Ibero-American Summit will be inaugurated this Friday and is expected to be attended by 14 presidents, two vice presidents, two prime ministers and 22 foreign ministers, who will adopt important instruments aimed at guaranteeing the development of the region.

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International

Pentagon deploys USS Gerald R. Ford after narco-boat operation kills six

The U.S. Department of Defense announced on Friday the deployment of the aircraft carrier USS Gerald R. Ford, the largest warship in the country, to the Caribbean Sea. The mission is part of efforts to strengthen the fight against drug trafficking and transnational organized crime in Latin America.

Pentagon spokesperson Sean Parnell stated that the deployment will enhance the U.S. operational capacity to detect, monitor, and dismantle illicit actors and activities within the Southern Command (USSOUTHCOM) area of responsibility.

He added that the operation will bolster existing capabilities to reduce drug trafficking and counter the activities of transnational criminal organizations operating in the region.

The announcement comes just hours after Defense Secretary Pete Hegseth confirmed the death of six crew members of a narco-boat in the Caribbean during a U.S.-led operation. The vessel was linked to the Venezuelan criminal organization Tren de Aragua, one of the most violent groups in the region.

The incident has heightened diplomatic tensions between the United States and several Latin American governments, particularly Colombia and Venezuela, following direct statements by President Donald Trump.

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International

Controversial $130 million donation to Pentagon sparks debate over troop pay

The U.S. Department of Defense received a $130 million donation from an anonymous donor to pay troops during the ongoing federal government shutdown, which has lasted nearly a month.

Pentagon spokesperson Sean Parnell stated that the donation was accepted under the “general authority to receive gifts,” according to a statement released on Friday. The contribution comes with the sole condition that it be used to cover salaries and benefits for service members while the government shutdown, which began on October 1, remains in effect.

The donation has sparked controversy on social media due to its unusual nature and because it may violate the Antideficiency Act, which prohibits federal agencies from spending beyond Congress-approved allocations or accepting voluntary services.

During the shutdown, former President Donald Trump signed an executive order directing the Pentagon to use research and development funds to pay troops. However, legislators, including House Republican leader Mike Johnson, warned that this fund transfer was only a temporary measure and would not solve the underlying issue unless both parties approve a continuing resolution.

The Pentagon has not yet explained how the donation will be distributed, considering that there are 1.3 million active-duty service members, according to official Congressional data, and that the Trump administration had requested approximately $600 billion this year for military salaries.

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International

Putin calls U.S.-Russia summit a “mistake” without guaranteed results

Russian President Vladimir Putin stated on Wednesday that holding a summit with U.S. President Donald Trump would be a “mistake” without certainty of concrete results, following the cancellation of the planned meeting in Budapest.

“Without a doubt, such a meeting must be well-prepared. For me and the U.S. president, it would be a mistake to treat it lightly and come out of that meeting without the expected outcome,” Putin told local media from the Kremlin.

The Russian leader said the initiative for the summit came from the U.S. side and that he had accepted the proposal. “In our last phone conversation, both the meeting and its location were proposed by the U.S. side. I agreed,” he said.

Putin added that Moscow continues to support dialogue, even in the current context. However, he admitted uncertainty about whether a meeting with Trump could take place later. “Now I see that, in his statement, the U.S. president has decided to cancel or postpone the meeting. Most likely, it is a postponement, since dialogue is always better than confrontation, disputes, or especially war,” he emphasized.

Russian Foreign Ministry spokesperson Maria Zakharova reaffirmed that Moscow does not consider a resolution to the conflict in Ukraine that does not meet its original demands. “We see no alternative other than achieving the objectives of the special military operation,” Zakharova stated.

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Among the conditions Russia has set for resuming dialogue with Washington and other international actors are: ensuring Ukraine’s neutral and non-aligned status, its demilitarization, the removal of elements considered “Nazis,” full respect for the rights of Russian-speaking populations, and unrestricted operation of the Ukrainian Orthodox Church.

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