ALBA ALIANCES PDF

In addition, Suriname is a "special guest member" which intends to become a full member. President Evo Morales , of poor but natural gas -rich Bolivia , joined the TCP on 29 April , only days before he announced his intention to nationalize Bolivia's hydrocarbon assets. Economic relations with Venezuela continue, including via Petrocaribe. Saint Lucia joined as a full member on 30 July From Wikipedia, the free encyclopedia.

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The leaders of the member countries—Antigua and Barbuda, Bolivia , Cuba, Dominica , Ecuador , Nicaragua , Saint Lucia , Saint Vincent and the Grenadines , and Venezuela—hold annual summits to discuss initiatives and strategies for the region. To that end, the ALBA Bank, a regional bank with its headquarters in Caracas —the Venezuelan national capital—was created in to channel money to development projects throughout the region.

Moreover, in the leaders of ALBA agreed to create a regional electronic currency, the sucre, to reduce the use of the U. Other longer-term plans have included the implementation of regional literacy and health care programs, the creation of an arbitration court, and the establishment of a united military force of ALBA members. Essentially, supporters of ALBA found its programs to be worthy alternatives to the economic policies of many international lending organizations, such as the World Bank and the International Monetary Fund.

Bolivarian Alliance for the Peoples of Our America. Info Print Cite. Submit Feedback. Thank you for your feedback. See Article History. Britannica Quiz. Journey to South America: Fact or Fiction? Learn More in these related Britannica articles:. History at your fingertips. Sign up here to see what happened On This Day , every day in your inbox! Email address. By signing up, you agree to our Privacy Notice. Be on the lookout for your Britannica newsletter to get trusted stories delivered right to your inbox.

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ALBA | TCP

A Confederation of Latin American and Caribbean states, why not? And again they have bred disorder under the imperial ambitions of another powerful, controversial Venezuelan leader. Internationally, this has meant conflicts between neighbors such as Ecuador and Venezuela with Colombia, Venezuela with most neighbors at one moment or another , Nicaragua with Costa Rica, and all of them with the United States. Similar mechanisms exist in Cuba with the Committees for the Defense of the Revolution but without the popular participation evidenced in other ALBA countries. In Bolivia this is done at the grass roots through empowering local indigenous organizations.

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Alba alliance ambitions lay bare Latin trade confusion

The summit, which opened with the presence of the presidents of Cuba, Venezuela, Bolivia and Nicaragua, discussed various political, social and economic issues of the group founded in In the inaugural words of the event, Cuban President Miguel Diaz-Canel urged the group to "act with boldness and realism," as well as to articulate viable plans to focus the available resources on the most urgent projects. He warned on the need to "build a front as wide as possible" to deal with the "risks and threats" that surround the nations of the area which look to prevent progressive and left forces from advancing. At the same time, he criticized U. According to Diaz-Canel, the current situation demands even more unity and political concertation among the member countries of ALBA to stop the return of "old practices" by Washington in coordination with regional right-wing governments. He also said Latin America is today disputed by the United States in its quest to undermine the continent's unity.

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ALBA bloc meets in Cuba to forge political, economic alliance

Founded initially by Cuba and Venezuela in , it is associated with socialist and social democratic governments wishing to consolidate regional economic integration based on a vision of social welfare, bartering and mutual economic aid. Venezuela and Ecuador made the first bilateral trade deal using the Sucre, instead of the US dollar, on July 6, The name initially contained "Alternative" instead of "Alliance", but was changed on June 24, Venezuela began to deliver about 96, barrels of oil per day from its state-owned oil company, PDVSA , to Cuba at very favorable prices. In exchange, Cuba sent 20, state-employed medical staff and thousands of teachers to Venezuela's poorest states. The agreement also made it possible for Venezuelans to travel to Cuba for specialized medical care, free of charge. Lucia and Haiti requested admission to the organization.

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Bolivarian Alliance for the Peoples of Our America

The leaders of the member countries—Antigua and Barbuda, Bolivia , Cuba, Dominica , Ecuador , Nicaragua , Saint Lucia , Saint Vincent and the Grenadines , and Venezuela—hold annual summits to discuss initiatives and strategies for the region. To that end, the ALBA Bank, a regional bank with its headquarters in Caracas —the Venezuelan national capital—was created in to channel money to development projects throughout the region. Moreover, in the leaders of ALBA agreed to create a regional electronic currency, the sucre, to reduce the use of the U. Other longer-term plans have included the implementation of regional literacy and health care programs, the creation of an arbitration court, and the establishment of a united military force of ALBA members. Essentially, supporters of ALBA found its programs to be worthy alternatives to the economic policies of many international lending organizations, such as the World Bank and the International Monetary Fund. Bolivarian Alliance for the Peoples of Our America.

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