International

President of Bolivia stresses the need for regional integration

Photo: teleSUR

May 31 |

The president of Bolivia, Luis Arce, highlighted on Tuesday the need for true regional integration for the benefit of the peoples.

In the framework of the meeting of South American presidents held in Brazil, the Bolivian president affirmed that an “ideologization of integration and a vision subordinated to the North prevented the consolidation of this effort”.

“The lack of tolerance and the impossibility of assuming that we are diverse and different, but that we can integrate in spite of this for the benefit of our peoples, truncated the union of the nations of the South”, he asserted.

The President added that there have always been interests within and outside the region that have prevented the consolidation of a true space for integration and coordination among the countries.

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On the other hand, he said that they are at a crucial moment in history, with the context of world geopolitics in the last two years that has demanded a deep reflection on the role of cooperation, integration and multilateralism in their efforts to build a more just, democratic, equitable and secure world.

“We are facing a critical juncture that can propel our integrationist aspirations to higher levels for the benefit of each and every one of our peoples. It depends on us,” he said.

The head of state stressed that they have witnessed significant changes in the international scenario, with the tendency to configure a new world order based on the balance of powers and the principle of non-interference.

“The transition to a multipolar world may be delayed, but it will not stop. But the inflection in the history of Latin America and the Caribbean, and within it in South America, has not been without great difficulties and setbacks. Old and new types of coups d’état were carried out in the name of democracy and this cannot be repeated,” he said.

Arce recalled various current global challenges such as the climate, health, food, energy, water, poverty and inequality crises, among others, which do not recognize borders and are not limited to a single country, as they require a collective and coordinated response.

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“The core of these problems is the multidimensional crisis of the hegemonic system of the planet and of a world order that is intended to be maintained on the basis of imposition, domination and not dialogue,” he said.

He also reaffirmed the relevance of working to declare the world a zone of peace.

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.