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Finance Minister Rodr?guez: Latin American integration is necessary to face the capitalist crisis

Venezuelan Finance Minister Alí Rodríguez Araque said that the major problems affecting Latin American peoples cannot be overcome in isolation but through efforts for regional integration under the principles of complementarity, cooperation, and solidarity instead of a competition in which the big weaken the small. 

Minister Rodríguez made these remarks during a Governors Assembly of the Inter-American Development Bank (IADB) that is taking place in Medellín, Colombia.

He affirmed that if regional countries combine their domestic efforts on the basis of mutual respect, problems in Latin America caused by the global crisis, which itself is the result of a soul-less vision of economics and the free market, would be eradicated.

The Finance Minister emphasized that ALBA (Bolivarian Alternative for the Americas) initiatives and progress towards the creation of the Unique Regional Compensation System (Sucre) “lead us to having our own currency in trade between regional countries.”

He also signaled that Venezuela’s presence in the Assembly is evidence of the willingness to implement a great nation of the Americas for the path to prosperity, especially in times of great economic difficulty.

Radio Nacional de Venezuela, Embassy of the Bolivarian Republic of Venezuela Press Office / March 31, 2009

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