Latin America Discusses
Financial Crisis,
Migration
Managua - Leaders of
Central American
countries held a meeting
in Honduras on Friday to
discuss the ongoing
global financial crisis.
At the 33rd meeting of
the Central American
Integration System (SICA),
an intergovernmental
bloc of the region, the
leaders focused on
seeking a common stance
toward the financial
crisis, the Honduran
Foreign Ministry said.
The meeting issued the
Declaration of Honduras,
in which the leaders
called for the United
Nations to summon an
international conference
to analyze the ongoing
financial crisis.
The leaders also
discussed gaining
support from the Central
American Bank of
Economic Integration to
prevent a food crisis in
the region.
Salvadorian President
Elias Antonio Salvadro
Saca said at a press
conference after the
meeting that SICA member
countries should further
promote trade among
them.
Saca also said the
leaders agreed that the
biggest impact of the
financial crisis would
be felt next year,
despite some effects
having been seen, but
the region was not in
recession.
Nicaraguan President
Daniel Ortega received
the bloc's rotating
presidency of six months
at the meeting in San
Pedro Sula province,
about 180 km northwest
of the Honduran capital
Tegucigalpa.
The SICA, founded in
1991, has Belize, Costa
Rica, El Salvador
Guatemala, Honduras,
Nicaragua and Panama as
its member states. The
Dominican Republic from
the Caribbean is an
associate member.
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