| Venezuela's President Hugo Chavez, sponsor of the Bolivarian Alternative for the Americas (ALBA) addresses the 3rd extraordinary summit of the ALBA in Caracas, capital of Venezuela, on Nov. 26, 2008. During the one-day meeting of the ALBA on Wednesday, the presidents of Venezuela, Nicaragua, Bolivia, Honduras and Ecuador discussed possible solutions to the current financial crisis. The ALBA trade alliance, set up by Cuba and Venezuela in 2004 as a fair trade alternative to U.S.-backed free trade policies, includes Bolivia, Nicaragua, Honduras and the Caribbean island of Dominica.[Xinhua Photo] |
