Latam, Caribbean Leaders Meet to Map-Out Inflation Reduction Plan

Customers walk past vegetables on a makeshift stall in a market in Mexico City, Mexico April 8, 2022. REUTERS/Luis Cortes
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MEXICO CITY, April 5 (Reuters) – Leaders of 11 Latin American and Caribbean countries agreed to work to outline measures seeking to tame inflation in the region, including better conditions for trade, according to a statement published by Mexico’s presidential office Wednesday.

Agreements reached include the creation of a working group of government representatives aimed at identifying regional measures to coordinate the trade of commodities, fertilizers and other goods.

The group’s action plan is set to be implemented “within a reasonable time frame,” the statement added.

Heads of state from Argentina, Belize, Bolivia, Brazil, Chile, Colombia, Cuba, Honduras, Mexico, Venezuela, and Saint Vincent and the Grenadines participated in a virtual meeting on Wednesday and agreed to schedule an anti-inflation summit for May 6-7 in Mexico.

The new anti-inflation alliance also agreed to invite more countries from the region to take part, the statement said.

Reporting by Valentine Hilaire and Raul Cortes Fernandez; Editing by Brendan O’Boyle
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