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Support for Argentina's 'Malvinas question' in the G77 plus China summit

Monday, June 16th 2014 - 05:38 UTC
Full article 35 comments
Cristina Fernández attended the two-day summit which also included UN Ban Ki moon Cristina Fernández attended the two-day summit which also included UN Ban Ki moon
The statement now alleges that the 'Malvinas question' seriously harms the economic capacity of Argentina The statement now alleges that the 'Malvinas question' seriously harms the economic capacity of Argentina

The G77 plus China extraordinary summit which took place in Bolivia over the weekend approved two statements in support of Argentina's position in the 'Malvinas Islands question' and a second referred to the current conflict with holdout hedge funds, a long running litigation that has reached the US Supreme Court. Argentine president Cristina Fernández attended the Santa Cruz de la Sierra event.

 The statement on the Malvinas question introduces a new concept: allegedly the current situation “seriously harms the economic capacity of Argentina”.

“We reaffirm the need for the governments of Argentina and the UK to resume negotiations on the 'Malvinas Islands question' in conformity with the principles and objectives of the United Nations and pertinent resolutions, so as to find a timely, peaceful solution to the sovereignty dispute related to the 'Malvinas Islands question', which seriously harms the economic capacity of Argentina, and the need for both sides to abstain from making decisions that involve the introduction of unilateral modifications to the situation, while the Islands are in the middle of the process recommended by the UN General Assembly”, reads the Falklands/Malvinas paragraph.

“We also recall that in previous decades and in recent years the management of sovereign debt has been a crucial issue for developing countries. Lately a new concern has emerged related to the activities of the vulture funds. Some recent examples of vulture funds actions before international tribunals have exposed their extremely speculative character. These funds have become a danger for all future debt restructuring processes, both for developing countries as for developed countries. Thus we reiterate the importance of not allowing that these vulture funds paralyze the debt restructuring activities of developing countries nor that they impede these States their right to protect their peoples in accordance with international law”.

The summit of G77 leaders plus China wrapped up Sunday with a call for an end to poverty by 2030 and also set goals for sustainable development and national sovereignty over natural resources.

The extraordinary summit was held on the 50th anniversary of G 77.

Top Comments

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  • gordo1

    The usual manipulative “crap” from Argentina - blaming the Falklands/Malvinas and, indirectly, Britain for Argentina's economic woes. Pathetic nonsense which has no meaning and to which no-one should take any notice. This statement will be received with utter derision by sensible observers.

    As far as the “vulture” funds remarks are concerned again Argentina is looking for sympathy where none is deserved.

    And, just an afterthought, how on earth can Argentina, a member of the G20 major economies, and, at the same time, be a member of G77 + China? The G77 + China is described as a “The Group of 77 at the United Nations is a loose coalition of developing nations” - does that mean that Argentina can have “its cake and eat it” or does it mean that Argentina is “ni chicha ni limonada”?

    Jun 16th, 2014 - 06:52 am 0
  • golfcronie

    Fantastic... Apparently “ the current situation seriously harms the economic capacity of Argentina” Christ a little country like the FALKLANDS can seriously harm the economy of Argentina, can any Argies explain that one?

    Jun 16th, 2014 - 06:52 am 0
  • Lord Ton

    New concept? hardly. This is much the same as every year - and will help Argentina's spurious claim as much as every year.

    No change.

    Unless Argentina starts to complain that the Falkland Islanders are 'blockading' them LOL

    Jun 16th, 2014 - 06:59 am 0
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