Looking in good health, though walking with a cane, the esteemed writer said he would sponsor the award with his Vargas Llosa Chair, which seeks to “facilitate the lives of young people who have a literary vocation and always have many doubts when it comes to start writing.”

The first edition of the award will be presented in a year’s time at the next Feria del Libro, announced the event's organisers.

“We are convinced that literature is necessary. It builds bridges and seeks a perfection that we do not find in life. And it is also a protest, it shows the deficiencies of a society, it cries out against them,” said the Nobel laureate, accompanied by Spanish writer Javier Cercas. 

Continue reading here: Buenos Aires Times