Saint Lucia became a full member during the 12th ALBA Presidential Summit which took place in Ecuador on July 30, 2013.
ALBA is an international cooperation organization based on the idea of the social, political and economic integration of the countries of Latin America and the Caribbean.
Venezuelan Ambassador to Saint Lucia Her Excellency Leiff Escalona said the full membership of Saint Lucia in ALBA will strengthen the integration movement.
“I would like to officially welcome Saint Lucia as a full member of the Bolivarian Alliance for the Peoples of Our America (ALBA). I would also take this opportunity to acknowledge the teams of Venezuela and Saint Lucia for their hard work last week towards the initiatives to start the activation of Petro Caribe,” Escalona said.
As a full member of ALBA, Saint Lucia can now purchase oil on concessionary terms through the Petro Caribe Oil Deal.
The Venezuelan diplomat said the people of Saint Lucia will enjoy several benefits now that the island is a full member of the Bolivarian Alliance for the Peoples of Our America (ALBA).
She added: “By joining ALBA the benefits for Saint Lucia will be determined for advancement in economic, cultural, social and in other areas because it is possible to create joint projects that will work for the development of communities throughout Saint Lucia, for example the possible formation of musical collaborations and music scholarships in Venezuela and Saint Lucia. We would like to thank Prime Minister Honourable Dr Kenny Anthony for his active participation in this process of integration. Bienviendos Saint Lucia ah ALBA.”
The Bolivarian Alliance for the Peoples of Our America (ALBA) was conceptualised by former Venezuelan President Hugo Chavez as an attempt at regional economic integration based on a vision of social welfare, bartering and mutual economic aid.