October 6, 2009

Bolivarian alliance for the peoples of Latin America (ALBA): South-South co-operation?

In the Diaspora

(This is one of a series of weekly columns from Guyanese in the diaspora and others with an interest in issues related to Guyana and the Caribbean)

D. Alissa Trotz

Alissa Trotz is editor of the Weekly In the Diaspora Column

Last week, I participated in a discussion in Toronto on the Venezuelan-led PetroCaribe and ALBA initiatives. PetroCaribe is a concessionary oil facility where a portion of the receipts from crude oil imports goes into a special fund to be used for social investment, and is available to 16 countries in the greater Caribbean. ALBA, created in 2004, is an integration arrangement that describes itself as a people-centred alternative to free trade integration models. St Vincent and the Grenadines and Antigua and Barbuda have signed statements of support while Dominica has acceded to ALBA. The 2008 summit was also attended by St Kitts-Nevis and Haiti.

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