International

Nearly 50 countries sign a declaration at the UN to “re-establish” democracy in Venezuela

A group of 49 countries plus the European Union (EU) signed this Thursday a joint declaration at the United Nations to ask for “re-establishment of democratic norms in Venezuela,” although it did not include a specific appeal to the UN to intervene in the crisis.

The declaration, prepared in the last few hours and read by the Panamanian Foreign Minister, Javier Martínez-Acha, had very notable absences such as those of Mexico, Colombia or Brazil, and it was not signed by great powers such as China or Russia or any African or Arab state, with the exception of Morocco.

“It’s time for Venezuelans to start constructive and inclusive discussions”

The signatories recall that “it is time for Venezuelans to begin constructive and inclusive discussions to resolve the electoral ‘impasse’,” in reference to the presidential elections of last July 28, whose official results have not been recognized by much of the international community, which insists on the need for the Venezuelan electoral entity to publish the disaggregated results to demonstrate victory and end the crisis, something that has not happened to date.

“Seriously concerned about the allegations of human rights violations”

Likewise, those countries say they are “seriously concerned about the allegations of human rights violations,” among which they detail “arbitrary arrests, arrests, deaths and denial of judicial guarantees, as well as tactics of intimidation against the democratic opposition.”

Edmundo acknowledges his interest in working for the recovery of democracy

For his part, the flag bearer of the majority opposition in Venezuela, Edmundo González Urrutia, who arrived in Madrid on Sunday on a Spanish Air Force plane to ask for political asylum after denouncing fraud in the elections, recognized this Thursday to the President of the Spanish Government, Pedro Sánchez, his interest in working for the recovery of democracy and respect for human rights in Venezuela, after being received by the head of the Spanish Executive.

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Despite the fact that the statement has been negotiated in the corridors of the UN and has been read at the entrance of the Security Council, the Panamanian foreign minister acknowledged that they are not working together on any resolution on Venezuela, and even added that the position of his country “is very different from that of other countries” although they share the general principle that “democracy” must be restored” in the Caribbean country.

The UN “is promoting democracy”

Asked what the United Nations agencies can do specifically to help overcome the crisis, Martínez-Acha did not answer the question and limited himself to stating that the UN “is promoting democracy, the rule of law and respect for human rights.”

Despite the fact that the Venezuelan crisis has already lasted six long weeks, the issue has not yet reached the UN Security Council – the highest executive body – and has only motivated statements by Secretary General António Guterres, who has demanded again and again the publication of the complete electoral records and the need for human rights to be respected, without entering into the legitimacy or not of the re-election of Nicolás Maduro

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.