“The Bank of ALBA is capable of providing the necessary financial support to achieve regional integration, development goals,” said on Monday the President of the Bank of ALBA, Raúl Li Causi, at the 21st Political Council of the Bolivarian Alliance for the Peoples of Our America-People’s Trade Treaty (ALBA-TCP).
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On July 3, 2020, the Bank of ALBA approved the creation of the ALBA Humanitarian Fund as a financial tool to strengthen and allocate resources aimed at mitigating the effects of the COVID-19 pandemic, including the necessary financial support for economic boost.
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The Bolivarian Republic of Venezuela proposed on Monday the creation of an International Humanitarian Fund supported by initial contributions from the Bank of ALBA, with the aim of providing economic support to the member countries of the regional platform in the event of any contingency due to natural or environmental risks.
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During the opening of Monday’s historical joint virtual meeting of the 20th Political Council and 10th Council of Economic Complementation of the Bolivarian Alliance for the People of Our America-People’s Trade Treaty (ALBA-TCP), the Bolivarian Republic of Venezuela proposed a Post COVID-19 Economic Contingency Plan, putting emphasis on the reactivation of PetroCaribe and the Bank of ALBA.
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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.
Continue reading “ALBA-TCP celebrates this Monday political and economic councils to evaluate post-pandemic proposals in these areas”
As a special guest, the Spanish journalist and historian Ignacio Ramonet, specified that in the face of the post-pandemic economic challenges imposed by COVID-19, it is necessary for the countries of Latin America and the Caribbean to re-promote the food sovereignty project and strengthen alliances in terms of health services.
This during the telematic ALBA-TCP conference on post-pandemic economy held this Wednesday.
“It is necessary to establish mutual aid ties in
terms of public services. These countries have had the best results
in Latin America and in the world, they are proof that consolidated,
comfortable public health services help in unprecedented crises like
this one”.
Ramonet also stressed that these nations must unite to demand the
cancellation of the foreign debt and the suspension of unilateral
coercive measures.
Coronavirus times
The journalist and historian explained that the crisis derived
from the COVID-19 pandemic has three times: health time, economic
time, and political and social time.
“In the United States they are already in the third
stage, they have the health crisis, the economic crisis with mass
unemployment and finally the social crisis with this massive
globalized protest. Exactly this is what is being proposed at the
international level.”
Regarding economic time, he explained that there is a supply
crisis because for months the factories were closed in the main axes
of development, that is, there has been no production, and on the
other hand, a demand crisis because thousands of Millions of people
have been quarantined, resulting in a considerable reduction in
quarantine.
With respect to the countries of the south, he explained that the
three main income items have fallen, exports of land, agricultural
subsoil or mining; remittances from migrants working in the affected
development poles and finally tourism.
“Tourism is precisely one of the most affected industries by
this crisis, because there are, at this time, border closings and
immobility in terms of international transport”.
The central objective of the ALBA-TCP conference on the
post-pandemic economy is to comprehensively address the pending
economic issues for the region, taking into account the conjuncture
of COVID-19.
The Bolivian indigenous leader Evo Morales proposed on Wednesday that the World Health Organization and the States to assume control over the world drug industry, which “cannot be in the hands of private or transnational companies”, as part of an international campaign that raised the member countries of the Bolivarian Alliance for the Peoples of Our America-People’s Trade Treaty (ALBA-TCP).
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President of the Republic of Cuba Miguel Díaz-Canel stressed Wednesday, June 10, his support for President Nicolás Maduro, the Venezuelan civilian-military unity, the government of President Daniel Ortega in Nicaragua, and his solidarity with Caribbean countries in his speech at the virtual High-Level Conference: Post-pandemic Economy in ALBA-TCP.
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In her speech at the High-Level Conference: Post-pandemic Economy in ALBA-TCP, Alicia Bárcena, executive secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), strongly rejected the economic “sanctions” imposed by the U.S. on Venezuela and Cuba, two member countries of ALBA-TCP, a bloc whose 16th anniversary falls in December.
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At the request of the Bolivarian Republic of Venezuela as a founding member, the Bolivarian Alliance for the Peoples of Our America-People’s Trade Treaty (ALBA-TCP) will soon hold a high-level virtual conference on the post-pandemic economy, in order to determine the weaknesses and strengths of the member countries in economic matters, once the health crisis caused by COVID-19 has been overcome.
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