The Bank of the Bolivarian Alternative for the Americas (ALBA) is likely to have a paid capital of USD 1 billion to be provided by its four member countries (Bolivia, Cuba, Nicaragua, and Venezuela) in proportions and terms yet to be defined. Finance Minister Rafael Isea said that, during the meetings prior to the Sixth Summit of ALBA, the delegations have made progress regarding a number of issues related to the new financial institution.
Published in Venezuela El Universal Newspaper - Jan 27.