Wednesday 17 December
2008, San José, Costa
Rica
Panama’s
Economy, Strong and Healthy
FMLN Front-runner in El
Salvador
Venezuelan President
Defends Regional Fund
Cuba Officially Joins
Rio Group
Brazil, France To Sign
Agreement On Defense,
Nuclear Energy
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Venezuelan President
Defends Regional Fund
Sauipe Coast, Brazil -
Venezuelan President
Hugo Chavez defended
Tuesday a regional
reserves fund at the
Summit on Integration
and Development of Latin
America and the
Caribbean (CALC).
Chavez suggested to
establish a fund of 50
billion U.S. dollars,
with due contribution of
each country from the
region, at the summit
held in Sauipe Coast, a
seaside resort in
northeastern Brazil.
According to the report
of the Economic
Commission for Latin
America and the
Caribbean (ECLA) in
2007, said Chavez, the
international reserves
of the countries from
the region totaled
459.75 billion U.S.
dollars, and during the
first six months of this
year the amount reached
509.28 billion dollars.
Tuesday's meeting was
"historic", which for
the first time united
governors and state
representatives from
Latin America and the
Caribbean, he added.
Latin American and the
Caribbean countries have
a total population of
550 million and an area
of 20.18 million square
kilometers, with a Gross
Domestic Product (GDP)
worth 3.5 trillion U.S.
dollars.
The summit attended by
33 heads of state and
government from the
region began Tuesday and
will conclude on
Wednesday.
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