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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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.

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Bolivarian Alliance for the Peoples of Our America

Note to readers: The summary below was authored in It is split into six subheadings:. Hopefully these will answer the most common questions about the alliance and provide a starting point from which to explore the topic further. Social movements such as Via Campesina have rallied behind the ALBA, vocally declaring their support and moving to participate in its operation Harris and Azzi p. Such social movements are officially involved in the ALBA through its council of social movements which is theoretically on par with government ministers in terms of authority. In its own publications the ALBA positions itself as anti-imperialist, anti-neoliberal, and sometimes even anti-capitalist; in contrast to that which it opposes the ALBA professes to be building an alternative based on the principles of solidarity, co-operation and complementarity.


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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