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Costa Rica proposes to the United Nations an economic fund financed by rich countries for reconstruction

The President of Costa Rica, Carlos Alvarado, on Tuesday proposed to the UN a fund against the Covid-19 economy with extraordinary support of $ 500,000 million, financed by rich countries, and called for a reduction in military spending, which means “fewer weapons and more resources for development “would mean.

The FACE initiative, for its acronym in English, would be funded with “0.7 percent of the GDP of the largest and strongest economies in the world – those that account for 80 percent of the world’s GDP – resources that” would be. Mediation through one or more multilateral development banks, such as B. Concession Loans to Developing Countries. “Alvarado believes that FACE would” protect every country and protect the global community. “

The Costa Rican President has highlighted that military spending “reached the absurd figure of $ 1,900 million” in 2019, “the largest annual increase in the last decade,” while the International Peace Bureau has calculated this “by” at the cost of a war tank could be 26,000 People are being treated for malaria, and at the cost of an aircraft carrier, an area larger than the state of Florida could be reforested. “

Costa Rica proposes to the United Nations an economic fund financed by rich countries for reconstruction
Costa Rica proposes to the United Nations an economic fund financed by rich countries for reconstruction

With that in mind, “If at least a fraction of all of these resources were devoted to tackling the pandemic and climate crisis, our generation could proudly say that they knew how to redefine their priorities when circumstances demand,” he said.

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