ALBA Opens Doors to Common Currency and Backs Up Cuba

HAVANA, Cuba, April 17 (acn) The Bolivarian Alternative of Our Americas (ALBA) concluded a meeting today that opens the doors to a common virtual currency and closed ranks alongside Cuba on its fight against the American blockade.

The group assured that there is no consensus about the final draft resolution of the Summit of the Americas beginning today, because it doesn’t cover the world crises and excludes Cuba, PL reported.

After the signing of an outline agreement about the Unique System of Regional Compensation of Payments (Sucre, Spanish acronyms) the task of putting into practice the program in September, with pilot projects, was left in the hands of ministers and experts.

At the closing of the Cumaná Summit, 400 kms east of Caracas, Venezuelan president, Hugo Chavez, explained that the Sucre should lead to the creation and the boosting of production units in the member countries of the group.

The pilot projects, according to the outline, will be oriented to meet current needs, in particular related to food and financial support for the Alba Bank.

The Summit also approved a document harshly criticizing the exclusion of Cuba from the Summit of the Americas, in contradiction to the world consensus against the U.S economic blockade and the attempts to isolate the island.

It also called for unity to end with the economic, commercial and financial blockade, including the Helms-Burton Law, so as to be consistent with 17 consecutive U.N resolutions.

After highlighted that Washington’s attempts to isolate Cuba have failed, the ALBA counties noted that there is no reason why Cuba should not be part of the Summit of the Americas.

Participating in the ALBA summit were the president of Bolivia, Evo Morales; Cuba, Raul Castro; Honduras, Manuel Zelaya; Nicaragua, Daniel Ortega; and Venezuela, Hugo Chavez; Dominica’s Prime Minister, Roosevelt Skerrit also attended the meeting.

In addition, Paraguay’s president Fernando Lugo; Saint Vicent and the Grenadines’s Prime Minister Ralph Gonsalves, who announced his incorporation into the group; and Ecuador’s foreign minister, Fander Falconí, took part in the Cumaná summit as guests.

ALBA abre puerta a moneda común y respalda a Cuba