“It is not possible for the Bretton Woods institutions, World Bank, IMF [International Monetary Fund], and so many other financial institutions to continue operating as if nothing were happening in the world, as if everything were resolved,” he said.

“Many times institutions lend money not with the aim of saving the country borrowing the money but to pay off debt, and not to produce a productive asset, demonstrating that there is no contribution to saving the lives of countries,” added the president.