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CAF President Calls Ibero-America a 'Sleeping Giant,' Urges Greater Global Role

CAF President Calls Ibero-America a 'Sleeping Giant,' Urges Greater Global Role

From ABC Color · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

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  • Sergio Díaz-Granados, president of the Development Bank of Latin America and the Caribbean (CAF), calls Ibero-America a "sleeping giant."
  • He advocates for strengthening Spanish language promotion and increasing the region's global relevance.
  • Díaz-Granados highlighted the EU-Mercosur trade agreement as a significant opportunity and urged for enhanced ties between Latin America and Spain.

Sergio Díaz-Granados, the executive president of the Development Bank of Latin America and the Caribbean (CAF), has declared Ibero-America a "sleeping giant," urging for its increased global relevance and the empowerment of the Spanish language worldwide. Speaking in Seville, Spain, after receiving the VII Ibero-American Torre del Oro Award, Díaz-Granados positioned CAF as a tool to awaken the region's potential.

Spain as a hinge for the region to connect with Europe and the world.

— Sergio Díaz-GranadosHighlighting Spain's role in connecting Latin America globally.

He emphasized the substantial opportunities presented by the commercial agreement between the European Union and Mercosur countries. Díaz-Granados called for a more determined effort to boost commercial, cultural, and economic ties between Latin America and Spain. He specifically highlighted Spain's crucial role as a bridge connecting the region with Europe and the rest of the world.

The CAF president accepted the award, presented by the Chamber of Commerce of Seville and the Cajasol Foundation, viewing it as a significant responsibility. He also praised CAF's existing links with Seville and offered the institution's collaboration for the upcoming centenary commemoration of the 1929 Ibero-American Exposition in the city.

We put this entity at the service of a giant that is sleeping, Ibero-America.

— Sergio Díaz-GranadosDescribing the potential of the Ibero-American region.

The Torre del Oro award recognizes individuals or entities that have significantly fostered political, commercial, economic, and cultural relations among Ibero-American nations, with a strong connection to Seville. Previous recipients include former Spanish Prime Minister Felipe González, former Ibero-American Secretary General Enrique Iglesias, and former Colombian President Andrés Pastrana.

We must fight to make this region relevant in this world order or disorder.

— Sergio Díaz-GranadosAdvocating for increased global influence for Ibero-America.
DistantNews Editorial

Originally published by ABC Color in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.