International

Luis Arce claims exit to the sea for Bolivia

Photo: APG

March 23 |

The Bolivian president, Luis Arce, recalled on Thursday the 144 years of the historic defense of the territory of Calama in 1879 and claimed the right to a sovereign outlet to the sea for his country.

In a publication on Twitter, the Bolivian president said that “Today we remember 144 years of the historic defense of Calama by Bolivian heroes who gave their lives to preserve the integrity of the homeland”.

Likewise, Arce, who is in the United States at the World Water Forum, pointed out that “for truth, justice, history and reason, today and always sea for Bolivia”.

The day before, the Government of Bolivia reiterated on the occasion of the Day of the Sea, that it will maintain its claim for a sovereign maritime access and that it will insist on the dialogue with Chile to solve what it considers is still a regional “wound”.

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This was expressed by the Minister of the Presidency, María Nela Prada in the preamble of the commemoration, which began with the transfer of the remains of the hero Eduardo Abaroa from the basilica of San Francisco, in the center of the city of La Paz, to the square that bears his name.

Prada pointed out that the ruling of the International Court of Justice (ICJ) in 2018 has not put an end to the Bolivian claim and urges Bolivia and Chile to dialogue, and that is what the country is now seeking.

The ICJ ruled that Chile does not have an obligation to negotiate in favor of Bolivia an outlet to the sea for a claim that country filed in 2013.

For this Thursday, President Arce is scheduled to participate in the official acts for the Day of the Sea and address a message to the country.

Bolivia commemorates the Day of the Sea every March 23 because on that date, in 1879, the first resistance of the country to the invasion by Chilean troops, which began on February 14 of that year.

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International

US panel backs Trump-themed coin amid controversy

The United States Department of the Treasury confirmed to AFP that the Commission of Fine Arts approved the design of a new collectible coin featuring Donald Trump, with members of the commission appointed by the current administration.

According to the proposal, the coin will feature an image of Trump standing with clenched fists over a desk on the obverse, while the reverse will display an eagle, a traditional symbol of the United States.

The sale price of the collectible has not yet been disclosed, although the United States Mint typically offers similar items for more than $1,000.

“There is no more iconic portrait for the front of these coins than that of our president Donald Trump,” U.S. Treasurer Brandon Beach said in a statement sent to AFP. He added that two additional coins — a $1 piece and a one-ounce gold coin — are also under consideration.

However, the Citizens Coinage Advisory Committee (CCAC), another body responsible for reviewing new coin proposals, declined to discuss the Trump design in late February.

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“Only nations governed by kings or dictators place the image of a sitting leader on their currency,” said Donald Scarinciat the time. “No country in the world has minted coins featuring a democratically elected leader during their term in office,” he added.

When contacted by AFP, the Treasury Department did not immediately respond to requests for further comment.

International

Fed’s Waller warns of rising inflation risks amid Middle East conflict

Christopher Waller, a governor at the Federal Reserve, said Friday that he is increasingly concerned about the inflationary impact of the ongoing conflict involving United States and Israel against Iran, particularly due to the prolonged closure of the Strait of Hormuz.

Waller, who had supported interest rate cuts over the past year amid concerns about the labor market, said he has shifted his stance in recent weeks due to rising inflation risks.

“Since the Strait of Hormuz was closed, it suggests this conflict could be much more prolonged and that oil prices will remain elevated for longer,” Waller said in an interview with CNBC.

“Therefore, this indicates that inflation is a greater concern than I had previously assessed,” he added.

Waller also backed the Federal Reserve’s decision earlier this week to keep interest rates unchanged, signaling a more cautious approach as global geopolitical tensions continue to affect economic outlooks.

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International

Brazil offers to mediate Colombia-Ecuador tensions, calls for restraint

The government of Brazil has offered to mediate in the ongoing tensions between Colombia and Ecuador, while calling on both nations to exercise restraint.

In a statement released Wednesday, Brazil’s Ministry of Foreign Affairs urged the parties involved to act with moderation and seek a peaceful resolution to the dispute.

“Brazil encourages all sides to act with moderation in order to find a peaceful solution to the controversy. It stands ready to support dialogue efforts aimed at preserving peace and security in the region,” the statement said.

Brazil also expressed “serious concern” over reports of deaths in the border area between Colombia and Ecuador, noting that the circumstances surrounding the incidents have not yet been clarified.

The diplomatic move comes amid rising tensions between the neighboring countries, increasing regional concern over stability and security along their shared border.