ALBA-TCP lays the groundwork for the creation of a Development Cooperation Agency

Published at: 02/07/2024 07:38 PM

In the framework of a meeting to lay the foundations of the Agency for Cooperation for the Development of the Bolivarian Alliance for the Peoples of Our America - Peoples' Trade Agreement (ALBA-TCP), the Minister of People's Power for Foreign Affairs, Yván Gil, assured that the path for the realization of this instance is already paved and, consequently, all that remains is “an effort of exchange, of organization, through existing multilateral structures”.

Specifically, from the Main Hall of the Aquiles Nazoa Cultural House, in Miranda, the Venezuelan Foreign Minister specified that it must be emphasized that all existing structural capacities must be placed at the service of resource-raising projects.

“We have the capacity for human development, an important professional background in the region, natural resources, political complementarity and cooperation between countries, that is, the most difficult thing, which is based on cooperation, we have it... what is needed is the connection with large, medium and small financial entities,” he stressed, while highlighting the important role that Latin America and the Caribbean play in building the new multicentric and multipolar world order.

The ALBA-TCP Development Cooperation Agency - a product of the ALBA 2030 Strategic Agenda - is necessary to achieve trade consolidation and regional economic complementation, through the organization to attract cooperation at all levels.

It is a tool that will be put at the service of the peoples of the ALBA countries and will also have the support of the eponymous bank of the multilateral body.

“How important it would be if, with our own capabilities, we had today - for example - a helicopter to go to Saint Vincent and the Grenadines, to Grenada and that could help in the contingency of Hurricane Beryl. How important it would be to have trained personnel, equipment and even collection centers,” said the executive secretary of ALBA-TCP, Jorge Arreaza, referring to one of the many objectives that the Cooperation Agency could have.

Along these lines, the Deputy Minister for the Caribbean and president of the executive board of Banco del ALBA, Raúl Li Causi, asserted that the entity could finance projects for the Cooperation Agency related to sustainable development; improvement and construction of infrastructure; health; education; technology and communication; social and community development; food security; risk and disaster management and resilience; culture and tourism; trade; among others that are aligned with the ALBA 2030 Strategic Agenda.

MPPRE