Portugal will double its contribution to the Ibero-American community

Portugal plans to 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 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 also discussed the importance of closer ties between the EU and Latin America, particularly through trade agreements. Additionally, he reiterated Portugal's commitment to cooperation with Africa and the establishment of a disaster risk reduction network among Ibero-American countries.