Politics, Business & Culture in the Americas

Twelfth ALBA Presidential Summit Takes Place in Ecuador

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The leaders of the Alianza Bolivariana para los Pueblos de Nuestra América (Bolivarian Alliance for the Americas—ALBA) are meeting today in Guayaquil, Ecuador, to discuss ways to further integrate the regional bloc and widen the scope of its work on social and economic issues.  

This is the first ALBA summit since the March 5 death of former Venezuelan President Hugo Chávez—who launched the regional alliance with Fidel Castro in 2004. Nicaraguan President Daniel Ortega, Bolivian President Evo Morales, Venezuelan President Nicolás Maduro, and Ecuadorian President Rafael Correa are attending the meeting. The heads of state are joined by official delegations from the bloc’s member countries, including Venezuela, Cuba, Bolivia, Nicaragua, Dominica, Ecuador, Saint Vincent and the Grenadines, Antigua and Barbuda, and St. Lucia. Representatives from Uruguay, Argentina, Brazil, Suriname, Guyana and Haiti are participating as special guests.

Today’s agenda includes a discussion on the bloc’s institutional strength, the implementation of a regional currency known as the Sistema Único de Compensación Regional (Unified System for Regional Compensation—SUCRE), the Common Reserve Fund, and strategies to expand social programs. According to the Ecuadorian Ministry of Foreign Affairs, the focus will be on achieving  regional integration centered on values such as the respect for human dignity and economic development, the right to self-determination, and the defense of each member’s sovereignty.

The ALBA Social Movements Council Summit—a two-day meeting of social organizations—is also taking place this week and will conclude in Guayaquil today. In preparation for the Presidential Summit, more than 200 delegates from member countries participated in the meeting where the focus centered on social issues such as the role of women, natural resource extraction and the agrarian revolution, among other topics.

Tags: ALBA, ALBA Summit, Ecuador, Guayaquil
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