Central America: One single voice in face of crisis
The Ministries of Foreign Affairs and Economic and Social Integration in Central America started a working session to evaluate the possibility of speaking with "one voice" regarding the global financial crisis.
Friday, December 5, 2008
Honduran Minister of Foreign Affairs, Angel Orellana, inaugurated the first session of the meetings which will conclude this evening and at which its is expected that a formal document will be presented to the leaders of the Central American Integration System (SICA), which will convene tomorrow for the XXXIII Ordinary Summit of Head of State and Government of the organization.
Tomorrow, leaders from the region will analyze a packet of recommendations on how to deal with the crisis.
Central America and the Dominican Republic have agreed together to ensure financial liquidity, create mechanisms for monitoring risk management and financial systems, as well as taking measures against the effects of the euro zone crisis and the weakness of U.S.
Ministers of the Economy and Foreign Trade from Central America prepared a plan to jointly deal with the impact of the economic recession that will occur in 2009 in the region.
Economics, like politics, echoes and reflects the culture and values prevailing in each society.
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