The ALBA is the alternative way to the neoliberal hegemony

Caracas, Aug 25. ABN.- The President of the Bolivarian Republic of Venezuela, Hugo Chávez Frías, said this Monday that the Bolivarian Alternative for the Americas (ALBA, Spanish acronym) represents an alternative to the neoliberal hegemony that is destroying the world.

"Southern countries join together in order to be independent and reach development to our people. The ALBA is a mechanism of Latin American peoples and governments to struggle against world crisis," he pointed out.

In statements offered to international correspondents at the Honduran Government Palace José Cecilio del Valle, in Tegucigalpa, Honduras, President Chávez made emphasis that the entrance of this Central American country to the ALBA is something historic and it is happening due to the brave decision assumed by the President of this country, Manuel Zelaya.

Venezuelan Head of State highlighted integration plans and projects promoted by this integration organ gathering countries from the Caribbean, Central America and South America, as well as the creation of the Bank of the ALBA, the ALBA Food Fund, the ALBA Oil, Education and Health.

President Chávez is in Honduras in order to attend to the III Extraordinary ALBA Summit, where Honduras' entrance will be made official.

The ALBA is formed by Bolivia, Cuba, Dominica, Nicaragua, and Venezuela as full members and Honduras will be part in few hours.