Course summary:
Bank of ALBA. Regional Clearing Unit System of Payments (SUCRE). Grannacionales Projects. PetroCaribe.
The ALBA (Bolivarian Alternative for the Americas - Alternativa Bolivariana
para las Américas), as its Spanish initials indicate, is a proposed alternative
to the U.S.-sponsored Free
trade area of the Americas (FTAA, ALCA in its Spanish initials), differing from
the latter in that it advocates a socially-oriented trade block rather than one
strictly based on the logic of deregulated profit maximization.
By employing more effective mechanisms to eradicate poverty, ALBA—as proposed
by the Venezuelan government—provides a counterweight to the policies and goals
of the FTAA
ALBA (Bolivarian Alternative for the Americas) members countries are: the Bolivarian Republic of Venezuela, the
Republic of Cuba, Republic of Bolivia, the Republic of
Nicaragua and the Commonwealth of Dominica, the Republic of Honduras, the Republic of Ecuador, Saint
Vincent and the Grenadines and Antigua and Barbuda. They represent a population
of 74 million people, an area of 2,625,829 km2 and a GDP PPP of 669 906
(U.S. $ bn)
Example of the course ALBA (Bolivarian Alternative for the
Americas):

Bolivarian, Alternative, People, Americas, ALBA, SUCRE, Banco del ALBA, System, Unit, Compensation, Regional, Payment, SUCRE, Projects, Grannacionales, PetroCaribe