Ibero-American summit in Dominican Republic discusses inflation, migration

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Ibero-American summit in Dominican Republic discusses inflation, migration
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Leaders attending Ibero-American Summit meeting in Dominican Republic highlight rising inflation and migration as risks to stability of the region

Leaders call for regional collaboration amid thousands of people fleeing Latin American countries for the US border due to economic hardships, rising violence and other challenges.

Presidents and representatives from 22 countries have gathered in Santo Domingo for the weekend summit on Saturday, which provides a forum for leaders from across Latin America as well as Spain and Portugal. "At this point in time, with so much concentrated, with so much speculative play, we should already understand that the current financial system does not have to be helped anymore. We must drastically change it," said Argentina President Alberto Fernandez.

"Today migration management constitutes one of the great regional challenges," said Chilean President Gabriel Boric.

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