The Latin American and Caribbean Economic System (SELA) is a regional intergovernmental organization that groups 26 Latin American and Caribbean countries.
Its headquarters are in Caracas, Venezuela. SELA was established on 17 October 1975 by the
Panama Convention and its current membership includes Argentina, Bahamas, Barbados, Belize,
Bolivia, Brazil, Colombia, Costa Rica, Cuba, Chile, Ecuador, Guatemala, Guyana, Haiti, Honduras,
Jamaica, Mexico, Nicaragua, Panama, Paraguay, Peru, Dominican Republic, Suriname, Trinidad &
Tobago, Uruguay and Venezuela.
Objectives
Provide the Latin American and Caribbean region with a system of consultation and coordination for the adoption of common positions and strategies on economic issues in international bodies and forums and before third countries and groups of countries and
Foster cooperation and integration among the countries of Latin America and the Caribbean.
The Latin American Council is the principal decision-making body of SELA. Each Member States has one (1) Representative to this Council, which meets regularly once a year. Its responsibilities include determining the institution's general policies and formulating specific declarations in the form of Decisions approved on a consensual basis.
The Permanent Secretariat is the technical administrative organ of SELA. It is headed by a Permanent Secretary, who is elected by the Latin American Council for a period of four years.
The Action Committees are flexible cooperation mechanisms set up when more than two Member States voice interest in promoting joint programs and projects in specific areas. These Committees are dissolved once their objectives are fulfilled or they may become Permanent Bodies of the System.
Institutional Documents
Permanent Secretary, Ambassador José Rivera Banuet,
Mexican economist elected by acclamation on 31 March 2008 for a four-year term.
See Curriculum Vitae