Portugal doubles contribution to the Ibero-American community

Portugal will double its annual contribution to the Ibero-American General Secretariat, as announced by Prime Minister Luís Montenegro at the 30th Ibero-American Summit in Madrid. He emphasized the need for a politically engaged Ibero-American community that delivers tangible results for its citizens. Montenegro highlighted the economic potential of the Ibero-American community, which represents 8.5% of global GDP and 9% of the world's population. He advocated for closer ties between the EU and Latin America, citing trade agreements as opportunities for economic diversification. Montenegro also mentioned the importance of cooperation in disaster risk reduction and expressed Portugal's willingness to host the 32nd Ibero-American Summit in 2030.