South America: Economic Situation

(asked on 25th March 2021) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what discussions he has had with his counterparts in South American countries ranked in the bottom quartile of the Economic Freedom Rankings by the Fraser institution on liberalising their economies.


Answered by
Wendy Morton Portrait
Wendy Morton
This question was answered on 13th April 2021

I have spoken to my Argentine counterpart, Deputy Foreign Minister Pablo Tettamanti, about a range of issues, including economic cooperation. On 3 March, he and I discussed future engagement to support market access, among other issues. I also spoke to the Argentine delegation about green finance and post-COVID recovery strategies at the recent Inter-American Development Bank (IADB) Annual Meeting. The UK Government has offered to share technical expertise with Argentina on green finance, electromobility, and sustainable infrastructure in order to facilitate a global green recovery.

The UK does not recognise the Maduro regime in Venezuela, and remains deeply concerned at the deteriorating economic and humanitarian situation in the country. Economic mismanagement has resulted in hyperinflation, shortages of food and medicine, and the collapse of critical infrastructure.

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