President Abinader proposes before the UN to approve a financial mechanism that guarantees the stability of crude oil prices.

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New York.- President Luis Abinader proposed this Wednesday, during his speech before the  78th General Assembly of the United Nations (UN), that a financial mechanism be discussed and approved to guarantee the stability of crude oil prices for importing countries. Middle and low-income, such as the Dominican Republic.

He took advantage of this space to draw attention to the practice of supply control by exporting countries to keep crude oil prices high, to the detriment of importing countries.

“In this representative assembly of all parties, we should discuss and approve a financial mechanism that guarantees the stability of crude oil prices for middle- and low-income importing countries like ours,” declared the head of state.

Likewise, President Abinader affirmed that the Dominican Republic firmly believes in a profound reform of the international financial architecture, which benefits all countries equitably.

He stated that the Dominican nation has a firm commitment that a model of inclusive, fair and sustainable human development can be built.

Climate emergency

Regarding this matter, he indicated that “important steps have been taken in the country to confront the climate emergency, such as the recent adoption of the convention for the conservation and sustainable use of marine biological diversity in areas beyond national jurisdiction (BBNJ), a convention that I will sign this afternoon,” the president reported.

He recalled that whoever looks at the Dominican Republic and Haiti from the air perceives a palpable and heartbreaking difference.

“A green and flourishing half corresponds to the Dominican Republic, which has prioritized the conservation and sustainable management of its natural resources. The other half, devoid of that rich forest cover, reflects the dramatic deforested landscape of Haiti,” said the president.

In the ruler’s opinion, this natural border is not only a geographical lesson but a powerful reminder of what awaits the world if it continues to ignore nature’s alarms.

The sargassum

When referring to this issue, he declared that it harms climate change since it affects the Caribbean region.

“This algae, which devours the Caribbean coasts, including those of the United States and Mexico, has severe economic, social and environmental impacts, especially for tourism, which represents up to 75% of the economy of some of the Caribbean countries,” considered.

He reported that to combat this evil, the Dominican Republic has created a Multisector Roundtable “to deal with this problem, and we aspire for developed countries to contribute to the solution.”

Fight against corruption

When referring to the issue of corruption, he said that, in that sense, the aim is to achieve a fairer social contract and a more effective State in the fight against corruption. “Dominican citizens have assumed it to respond to one of their main demands. The different international indicators on the perception of corruption confirm my Government’s progress in this regard.”

Candidacy for UN Human Rights Council

He reiterated that the country will aspire through a candidacy for the UN Human Rights Council for 2024-2026 in the elections next month. “This candidacy represents our firm commitment to defending human rights.”

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