MADRID, 25 Feb. (EUROPA PRESS) –
The First Vice President and Minister of Economic Affairs and Digital Transformation, Nadia Calviño, has stated that the talks for a common G20 agreement are becoming “more difficult” as the war in Ukraine continues.
“The talks for a common G20 agreement are becoming more difficult than in previous meetings because while the war continues some of these positions are perhaps being less constructive on these issues,” he said at a press conference in the context of the G20 finance ministers meeting in Bangalore (India).
The G20 finance ministers and central bank governors hold their last meeting this Saturday before presenting the agreement adopted as a group and their conclusions from the event.
In this regard, Calviño believes that there is broad agreement on the fact that debt management and debt relief can be a very important instrument to provide financial support to the most vulnerable countries.
For all these reasons, he has expressed his desire that the war in Ukraine “end as soon as possible so that the world economy can resume the path of strong recovery or strong growth that we were on after the pandemic.”
As, has ensured that the conflict is “the main element of uncertainty and concern worldwide with a long duration and a broad impact throughout the world.”
The minister confirmed that Spain is firmly committed to a globally coordinated response to “restore peace to Ukraine and also to resume this strong growth”.
“We strongly support Ukraine and strongly support our multilateral framework and our global safety net, which is more important than ever,” he added.
Regarding the prospects in Spain, he stated that “they are relatively positive, even in this complex international situation”. For this reason, he has boasted that the Spanish economy is showing “outstanding strength and resistance” with a very strong recovery after the shock generated by the pandemic in 2020.
“GDP reached a growth rate of 5.5% in both 2021 and 2022 and the outlook is also positive for 2023 with a very positive evolution of the labor market,” Calviño defended.
Regarding inflation, he highlighted that Spain is one of the countries with the lowest inflation rate in the EU at the moment and, that is, “thanks to the drop in international energy prices and the government’s response Spanish”.
