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Friday 19 December 2008, San José, Costa Rica 

Latin America Promotes Multipolar World
Russia, Nicaragua Boost Relations
Honduras´ Zelaya Bashes IMF Schemes
Lula Highlights Raul Castro's Visit to Brazil
Brazil Urges U.S. To Lift Embargo Against Cuba

 
Honduras´ Zelaya Bashes IMF Schemes
Costa de Sauipe -  Honduran president, Manuel Zelaya, criticized worldwide abuse of mercantilism and decisions of some Latin American countries to accept International Monetary Fund (IMF) schemes.

In a brief address to the 1st Latin American and Caribbean Summit on Integration and Development, the president considered mistaken the positions of countries that accept recommendations of Washington.

These policies, among other things, weaken the states that comply with them in which public services are privatized, "often in an irregular manner and lacking transparency," the president emphasized.

The recommendations of the financial institutions – he stressed – have created a mercantile fundamentalism in our society that privileged imperfect and elitist market systems that did not boost our development; quite the contrary, it impoverished a large part of our population and caused damage to Latin America and the world.

Zelaya called for international relations based on respect for the self determination of the peoples and for the need to democratize the United Nations Security Council so that, in addition to the five powers that form it, South American Central American and Caribbean states, among others, be represented.

The Honduran president, who spoke as outgoing president of the System of Central American Integration also called on the international community to create a World Monetary Consensus with the representation of small nations.
 
 

 

 

 
 

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