Leaders attending the Ibero-American Summit meeting in the Dominican Republic on Saturday highlighted rising inflation and migration as risks to the stability of the region.
"At this point in time, with so much concentrated, with so much speculative play, we should already understand that the current financial system does not have to be helped anymore. We must drastically change it," said Argentina President Alberto Fernandez.
Leaders also called for regional collaboration on migration amid thousands of people fleeing Latin American countries for the U.S. border due to economic hardships, rising violence and other challenges. "Today migration management constitutes one of the great regional challenges," said Chilean President Gabriel Boric. "There is no infallible recipe and any solution requires working together with countries of origin, transit and destination."his attendance at the Ibero-American summit after receiving a positive COVID-19 test result, though he has since tested negative twice, Vice President Delcy Rodriguez said.
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