More than a dozen presidents and a king are meeting in Guatemala for a summit of Ibero-American nations at a time of economic and political instability for a number of countries.

The summit with King Felipe of Spain comes as waves of people are migrating from Venezuela and Central America to flee poverty, violence and political persecution.

The leaders are set to discuss issues such as development and the economy at the gathering in Antigua.

Spain's Prime Minister Pedro Sanchez, left, and Colombia's Vice President Marta Lucia Ramirez raise cups of coffee during an economic forum as part the XXVI Iberoamerican Summit in Antigua, Guatemala, Thursday, Nov. 15, 2018. The event is a biennial two-day meeting of heads of state from Latin America and the Iberian Peninsula. (AP PhotoMoises Castillo)

Spain's Prime Minister Pedro Sanchez, left, and Colombia's Vice President Marta Lucia Ramirez raise cups of coffee during an economic forum as part the XXVI Iberoamerican Summit in Antigua, Guatemala, Thursday, Nov. 15, 2018. The event is a biennial two-day meeting of heads of state from Latin America and the Iberian Peninsula. (AP PhotoMoises Castillo)

Host President Jimmy Morales of Guatemala said Friday that the summit aims to "renew the region's commitment to sustainable development."

Bolivia's president Evo Morales is greeted by the crowd after he was awarded a Honorary Doctorate at the University of Guatemala, Thursday, Nov. 15, 2018. Morales is in Guatemala for the XXVI Iberoamerican Summit that is taking place in Antigua. (AP PhotoOliver de Ros)

Bolivia's president Evo Morales is greeted by the crowd after he was awarded a Honorary Doctorate at the University of Guatemala, Thursday, Nov. 15, 2018. Morales is in Guatemala for the XXVI Iberoamerican Summit that is taking place in Antigua. (AP PhotoOliver de Ros)