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Obama Applauds Peru’s Poverty Reduction, Bid to Join OECD

By: Karina Martín - Nov 21, 2016, 12:33 pm
President Obama with his peer Pedro Pablo Kuczynski (la raza)
President Obama with Pedro Pablo Kuczynski (la raza)

EspañolUS President Barack Obama congratulated his Peruvian counterpart Pedro Pablo Kuczynski (PPK) for reducing poverty in the country in recent years and applauded his willingness to become involved in the Organization for Economic Cooperation and Development (OECD).

The US embassy praised the President of Peru in a statement published after a meeting held by both leaders on Sunday, November 20 during the Asia-Pacific Economic Cooperation (APEC) forum.

Both countries took the opportunity to deepen bilateral relations and talk about open markets, inclusive economic growth, responsible management of the environment, respect for democracy and human rights.

Obama thanked PPK for hosting this year’s summit, and also congratulated him on tackling climate change and greenhouse gas emissions.

US officials also praised Peru for its efforts combating illegal logging as part of the Trade Promotion Agreement between the United States and Peru that eliminates tariffs and other trade barriers between the two countries.

“I am grateful to President Barack Obama for participating in APEC 2016,” President Kuczynski said. “On this occasion, we talked about the good level of bilateral relations between our countries and the importance of democracy for the development of nations.”

Sources: El Comercio; La República.

Karina Martín Karina Martín

Karina Martín is a Venezuelan reporter with the PanAm Post based in Valencia. She holds a bachelor's degree in Modern Languages from the Arturo Michelena University.

Pope Francis to Businesses: Aim to Serve, Not to Profit

By: Raquel García - @venturaG79 - Nov 21, 2016, 10:23 am
Francis: "money should serve, instead of ruling"  (Lopezdoriga)

EspañolPope Francis said last week that companies "should not exist to earn money," even if it serves to measure their productivity; rather, they should exist "to serve." The Supreme Pontiff, speaking at the International Conference of Catholic Business Associations (Uniapac) in the Vatican, said it was "urgent" to recover the social meaning of financial and banking activity. He asked Catholic entrepreneurs "to take the risk of complicating life," by giving up certain economic gains. "All human activities, including business, can be an exercise in mercy, which is participation in the love of God for men," the Pope said. "Talking about companies immediately puts us in touch with one of the most difficult issues of moral perception: money. I have said several times that 'money is the devil's dung.'" Read more: Pope Francis Turns Down Position on FARC Deal Committee Read more: Pope Francis Resurrects Latin America's Marxist Faith In the opinion of the Pope, "money should serve, instead of rule." He defined money as a "technical instrument of intermediation," comparing values and rights, fulfilling obligations and saving. He also said credit should be given to family housing, small and medium enterprises, education, healthcare and the improvement and integration of the poorest urban centers. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1459522593195-0'); }); A chrematistic logic of the market makes credit more accessible and cheaper for those who have more resources, and more expensive and difficult for those who have less, to the point of leaving the poorest sections of the population in the hands of unscrupulous usurers,“ the Pope said. "At the international level, the financing of the poorest countries easily becomes a usurer activity," he said. He spoke in favor of state intervention "to protect certain collective goods and to ensure the satisfaction of fundamental human needs." Source: Télam.

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