Bolivarian Alternative for the Americas (ALBA) is an international cooperation agreement initially proposed by the Venezuelan government to integrate the economic and political worlds of Latin America and the Caribbean. Currently, Venezuela, Cuba, Ecuador, Nicaragua, Bolivia, Dominica, Antigua and Barbuda, and St. Vincent and the Grenadines are members of ALBA. ALBA was created as an alternative to the neo-liberal, free trade policies of the Free Trade Area of the Americas (FTAA) The members of ALBA have also considered creating a defensive military alliance to parallel their economic alliance.
Central Figures
References
Fast Facts
-
Fact:
"Bolivarian" refers to South American leader Simon Bolivar
-
Fact:
-
Fact:
Nicaragua is also a member of CAFTA
-
Fact:
Iran is an 'official observer' of ALBA
-
Fact:
Under ALBA, Cuba has sent doctors and teachers to Venezuelan slums
-
Fact:
Venezuela exports cheap petrol to ALBA members
-
Fact:
