The countries that make up the Bolivarian Alliance for the Peoples of Our America-People’s Trade Treaty (ALBA-TCP) will hold this Monday, June 29, the XX Political Council and the X Economic Council of the organization, in virtual format, proposal raised by Venezuela during the High Level Conference: Post-Pandemic Economy in ALBA-TCP, held on June 10, in the same telematic modality.
Making the statement at the recent meeting, the President of the Bolivarian Republic of Venezuela, Nicolás Maduro, justified that the joint council should serve to evaluate and give concrete effect to the proposals put forward by the presidents, prime ministers and experts during the economic conference.
At the aforementioned conference, the Executive Secretary of the Economic Commission for Latin America and the Caribbean (Eclac), Alicia Bárcena, warned that the COVID-19 pandemic will generate the worst recession in the history of the region, with a fall in the Gross Domestic Product (GDP) estimated at -5.3% in 2020, especially in South America, with less impact on the Caribbean nations, which is why she recommended promoting new strategic sectors, greater productive integration and implementing universal, redistributive and solidarity for the benefit of the peoples.
The virtual meeting this Monday coincides with the fifteenth anniversary of Petrocaribe, a solidarity energy cooperation agreement promoted by the Bolivarian Government of Venezuela.
Venezuela and Cuba are founding members of ALBA-TCP, also made up of Nicaragua, Dominica, Granada, Saint Vincent and the Grenadines, Antigua and Barbuda, and Saint Kitts and Nevis.