Cuba Presents Projects to ALBA Bank

HAVANA TIMES — Cuba added eight proposals to the bag of economic projects being reviewed by the Bank of the Bolivarian Alternative for the Peoples of Our America (ALBA), said officials from the island’s Ministry of Foreign Trade and Investment, Jose Chaple.

Speaking on Wednesday on Cuban television news, the minister discussed only two of the eight proposals (refractory materials production, and copper and aluminum production).

“Our country has no copper resources, but member states such as Venezuela and Bolivia have reserves for the production of these metals,” the official said.

In this way Cuba included itself in the development plans of the ALBA Bank, a regional organization founded in 2004 by Cuba and Venezuela, and that now also includes Antigua and Barbuda, Bolivia, Dominica, Ecuador, Nicaragua, Saint Vincent and the Grenadines.