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Global financial crisis on Alba summit agenda

On Monday, an extraordinary summit of the Bolivarian Alternative for the Americas (Alba) will begin in Caracas.  This summit will include Alba members, along with Ecuador and other regional countries which were invited.  The group’s goals for 2009 will be analyzed and measures to strengthen the bloc against the global financial crisis will be discussed.

The following leaders will attend the summit: Evo Morales, President of Bolivia; Rafael Correa, President of Ecuador; Manuel Zelaya, President of Honduras; Daniel Ortega, President of Nicaragua; Roosevelt Skerrit, Prime Minister of Dominica; José Ramón Machado Ventura, Vice President of Cuba; and host Hugo Chávez Frías, President of Venezuela.

The foreign delegations will also take part in events recognizing the 10th Anniversary of the Bolivarian Revolution that will take place throughout Caracas.

In the afternoon, the delegations will be informed of Alba achievements in 2008, with particular focus on its supranational firms for food and industrial production.  Alba is comprised of Bolivia, Cuba, Dominica, Honduras, Nicaragua and Venezuela.

The Sucre system will also be debated; this proposed system would establish a common currency for group members.

Furthermore, economic and financial protection mechanisms will be discussed to strengthen member countries in 2009 and 2010 against the capitalist economic crisis.

Agencia Bolivarian de Noticias (ABN), Embassy of the Bolivarian Republic of Venezuela Press Office / February 2, 2009

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