Leaning left

Honduras joins the Bolivarian Alternative for American Countries, a club promoted by Venezuela and Cuba.

Tuesday, October 21, 2008

On October 9th the Honduran Congress ratified the country’s membership in the Alternativa Bolivariana para los pueblos de nuestra América (ALBA, Bolivarian Alternative for American Countries), a regional grouping promoted by Venezuela and Cuba.
There was initial resistance from most legislators, including the members of the ruling Partido Liberal (PL) and the opposition, who were concerned that ALBA was part of the strategy of the Venezuelan president, Hugo Chávez, to increase his political influence in Latin America. However, most Honduran legislators changed their positions between September 9th, when the bill was introduced, and the actual vote. Only the opposition Partido Nacional (PN) abstained.

More on this topic

Nicaraguan Exports to Venezuela

July 2010

There are concerns that the trade partners are constructing a commercial “house of cards” built on shaky foundations made of political rhetoric.

During Daniel Ortega’s government exports from Nicaragua to Venezuela have increased from $2m to $119m. The figure for 2010 will likely be double the latter. The main products exported are beans, meat and livestock.

Honduran Congress Approves Withdrawal from ALBA

January 2010

The Congress of Honduras ratified the withdrawal of the country from the Bolivarian Alternative to the Americas (ALBA).

Interim president Roberto Micheletti had sent the executive decree on December 2009.

"Rafael Pineda, presidential minister, had explained that the withdrawal from ALBA doesn't imply suspending commercial relations with the countries which compose the block", reported Proceso.hn.

Alba To Implement Sucre for Payments

January 2010

A rice shipment from Venezuela to Cuba will become the first trade transaction done using Sucres ("Unitary System for the Regional Compensation of Payments").

The announcement was made by Venezuelan president Hugo Chávez.

"Sucre is a common accounting unit, not a physical currency. It was adopted by Alba member countries in 2009 for exchanging products, freeing them from using the U.S. dollar", reported Epa.

Honduran president announces union to ALBA

July 2008

President Manuel Zelaya announced that Honduras will join the Alianza Bolivariana de las Américas (ALBA), lead by Venezuela and Cuba.

"The government's political decision, aiming to solve the historical problems of the country, is to join Alba as a full member", stated Zelaya.

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