new central american curracy
Submitted by beachin on Mon, 2008/12/08 - 11:20.
http://www.livecostarica.net/?q=node/786 Central America See the latest developments as they occur at our Costa Rica discussion forum (AFP). The presidents of the Central American countries and the Dominican Republic agreed on Friday to create a single currency and agreed a "plan of urgent measures" to tackle the financial crisis, which is contemplating to create a credit pool and stimulate intra-regional trade. The leaders, who commissioned the preparation of the single currency project to their ministers of finance, signed the statement at the end of their summit in San Pedro Sula, Honduras. There were no details given about the name or when do they plan to adopt the new currency. The leaders agreed to "promote the necessary actions to deepen the formation of a regional identity that gives citizens a sense of ownership and belonging to Central America, a united region. They plan to improve the issuance of a Central American passport, adoption of the Central American currency as the unit of exchange. The leaders of the following countries attended the meeting: Honduras, Belize, Guatemala, El Salvador, Nicaragua, Costa Rica, Panama and Dominican Republic. Although the last country is not in the isthmus, is associated with the Central American Integration System. The presidents agreed to "support the creation of a credit pool for the development of the region in the context of the Central American-European Union negotiations."They also decided "to give immediate priority to investment in infrastructure to support the production, especially for the roads; boosting agriculture production and consumption; and incentive programs to promote intraregional trade”. The presidents also agreed to "a homogeneous legislation: immigration, education, democratic, security, among others; in order to generate greater cohesion to the Central American Integration and that ensures the benefits of integration." Attending the summit, in addition to the Honduran president Manuel Zelaya, the presidents Alvaro Colom (Guatemala), Elias Antonio Saca (El Salvador) and Daniel Ortega (Nicaragua); also, Marco Vinicio Ruiz (Minister for Foreign Trade of Costa Rica), Gaspar Vega (vice minister of Belize), Samuel Lewis Navarro (vice president and foreign minister of Panama) and Rafael Albuquerque (vice president of the Dominican Republic). The XXXIII Central American Presidents Summit, which took place in the Arab Club of San Pedro Sula in Honduras, put in the table topics such as integration, customs union, single visa, domestic flights, security and housing, among others. Other actions are "to identify mechanisms to offer incentives to the productive sectors, improving the productivity of micro, small and medium enterprises; and strengthen regional integration in which the customs union become strategic instruments" In addition they were committed to "safeguard stability of the financial system by strengthening the mechanisms that provide liquidity and to expand, strengthen and systematize the channels of communication with the central banks and the public." Article translated from La Nacion, a national newspaper of Costa Rica. See full article in Spanish at La Nacion See full article in Spanish at La Prensa Libre