International

Mulino: If the situation in Venezuela worsens, migration will grow “in a very short time”

The president of Panama, José Raúl Mulino, warned on Thursday that if the “political situation” of Venezuela “worsens” after this Sunday’s elections, they must be prepared, because the flow of migrants through the Darién, the border jungle with Colombia used as a migratory route, will increase “in a very short time.”

“We are three days away from the solution or the worsening of the political situation in Venezuela. I advocate a democratic solution that respects the will of the people. If that turns out to be the case, I feel that we will have an improvement in the condition, because Venezuela is 66% of migrants. That country contributes a significant share of people to the transit,” the president of Panama said at his weekly press conference.

And he explained: “If the situation (in Venezuela after the elections) improves, it can be deduced that much fewer people will want to venture into that risk of transit through that jungle (of the Darién). If the political situation worsens, in another scenario, let’s prepare because that (the migratory flow) will increase in a very short time.”

According to Mulino, this Sunday’s elections in the South American country “would already be one of the last chances (opportunities) of Venezuela to open up to a democratic and peaceful world (so that) the people (find the) solution that they consider most appropriate.”

Last Thursday – also at that press conference he plans to offer every week – the Panamanian president said that “well-conducted” elections in Venezuela will possibly reduce the flow of migration through the Darién jungle, since most of the passers-by who go through it are from that South American country.

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Venezuela will have its elections on July 28, in which ten candidates will participate, including President Nicolás Maduro, who seeks his re-election, and the main leader of the opposition and the polls, Edmundo González Urrutia, instead of the disqualified María Corina Machado.

Panama is trying to reduce migration through that dangerous jungle and since Mulino’s arrival in power, several measures have been taken, such as the installation of “perimeter barriers” (barred fences) in some points of Darién to close unauthorized passages and “channel” the flow, in addition to the signing of an agreement with the United States to return migrants who cross that jungle by plane.

So far this year, more than 216,000 migrants have crossed the dangerous Darién jungle, most of them Venezuelans, who seek to reach the United States or Canada in search of better living conditions, while in all of 2023 there were more than 520,000, an unprecedented figure, according to official data from Panama.

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.