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Single currency a step closer for ALBA nations
The creation of a regional currency among Latin American countries drew closer over the weekend as Cuba agreed to pay for a shipment of Venezuelan rice in sucres – the new currency.
The military dollar v. Alba’s humanism
The seventh Alba Summit reflects the profound contrast between imperialism that is wasting away and the healthy development of countries with more progressive governments in Latin America and the Caribbean.
Seventh ALBA Summit prioritises the planet and developing nations
ALBA countries signed an agreement to implement the common currency "Sucre" (Unified System of Compensation of Reciprocal Payments). The point of the new currency is to use it instead of the US dollar for commercial exchange between member countries.
ALBA Alimentos to dodge food crisis
ALBA Alimentos will emerge as a grand national project aimed at fighting the regional food crisis, said Venezuelan President Hugo Chavez at the 7th Summit of the Bolivarian Alternative for the Americas (ALBA).
ALBA strengthens trade alliance, ratifies struggle against the “empire”
The 7th Summit of the ALBA approved new steps for strengthening its model of “just and complementary trade” and ratified its struggle against “threats from the empire”
Chavez-led bloc plans to create agriculture, mining businesses
The Alba trade bloc, led by Venezuelan President Hugo Chavez, agreed to create regional mining and agriculture businesses as the group concluded a second day of talks in Bolivia.
Learning from ALBA and the Bank of the South: Challenges and Possibilities
Although the crisis is indeed delegitimizing capitalism as an engine of “progress,” the weakening global economy is greatly complicating, if not weakening, efforts to advance ALBA as well as the Bank of the South.
Ecuador shakes up international fora
Exiting ICSID and joining ALBA and UNASUR,along with the customs restrictions it applied on its CAN neighbours, are the recent measures that have been taken by the government of Ecuador to demonstrate that there is an alternative trade policy.
Ecuadorian President Rafael Correa on Democracy Now!
"I reiterate, we’re not negotiating a free trade agreement with the European Union."
Venezuela and ALBA promote “new climate” in Summit of the Americas
Venezuela and the countries of the Bolivarian Alternative to the Americas (ALBA) decided not to sign the final document of the Summit of the Americas held on April 17-19 in Trinidad and Tobago, saying it excluded Cuba and offered no viable solution to the current economic crisis.
Social movements meet with presidents
At the World Social Forum taking place in Belem, Brasil, Latin American social movements held a dialogue on regional integration from a peoples’ perspective, with the leaders of four South American progressive governments. Presidents Hugo Chavez (Venezuela), Fernando Lugo (Paraguay), Evo Morales (Bolivia) and Rafael Correa (Ecuador), met with 1500 representatives of social movements to exchange about past and future collaboration around integration initiatives such as the Bolivarian Alternative of the Americas (ALBA) as solutions to the global economic crisis.