.:: Sistema Económico Latinoamericano y del Caribe - SELA ::.
 
 








What is SELA | Objectives | Main Activities | Actions |
Structure | Permanent Secretary
Institutional Documents   |   Observer Organizations |  

What is SELA?

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.

Main Activities

Extra-regional relations:

  • Seal business and cooperation proposals for Latin America and the Caribbean.

  • Conduct systematic analyses of the impact of global economic decisions and processes on the economies of the region.

  • Assess processes linked to international business, commercial, economic and financial negotiations and the implications of such processes for regional development and integration.

  • Support Member States, whenever necessary, with respect to their participation in the relevant deliberations and negotiations.

Intra-regional relations:

  • Support the development, coordination and convergence of the sub-regional processes of Latin America Latin and the Caribbean.

  • Maintain a systematic analysis of the relevant factors with a view to ensuring the harmonious development of integration between the countries of Latin America and the Caribbean.

  • Promote strategies to identify operational efforts that will help further the coordination and convergence of economic integration throughout the region.

  • Consider and develop proposals aimed at creating an institutional framework of integration that will encourage coordination and convergence in sub-regional processes.

Economic and Technical Cooperation:

  • Promote the flow of multilateral and bilateral cooperation from international agencies and donor countries towards the region and serve as a regional focal point for economic and technical cooperation between developing countries.

  • Encourage the exchange of experiences and information on national policies, particularly those of greatest relevance to macroeconomic coordination, the struggle against poverty, social inclusion and international cooperation.

Actions

  • Annually holds the meeting of the Latin American Council, at ministerial level, and convenes regional consultation and coordination meetings with high-level officials of member countries on topics of interest in their areas of competence.
     

  • Organizes forums with the participation of government and private sector representatives and conducts meetings of experts on specific issues of the regional and global economic agenda.
     

  • Maintains close relationships, based on cooperation, with the most important organizations, public institutions, and private entities at regional and international levels.
     

  • Develops seminars, courses and workshops on issues of economic interest to the Latin American and Caribbean region, with a view to addressing the needs of government officials, businesspeople, workers, parliamentarians, and academicians.

Structure:

  • 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 (2008-2012)

 

Permanent Secretary, Ambassador José Rivera Banuet, Mexican economist elected by acclamation on 31 March 2008 for a four-year term. See Curriculum Vitae

 


Observer Organizations to the Latin American Council of SELA
ORGANIZATION ACRONYM
Association of Caribbean States ACS
Latin American Integration Association ALADI
Latin American Association of Development Financing Institutions ALIDE
Latin American Export Bank BLADEX
Central American Bank for Economic Integration CABEI
Andean Development Corporation CAF
Andean Community CAN
Caribbean Development Bank CARIBANK
Caribbean Community CARICOM
Centre for Latin American Monetary Studies CEMLA
Economic Commission for Latin America and the Caribbean ECLAC
European Union EU
United Nations Food and Agricultural Organization FAO
Latin American Reserve Fund FLAR
Financial Fund for the Development of the Plata Basin FONPLATA
Intergovernmental Coordinating Committee for the Plata Basin Countries ICC
Inter-American Development Bank IDB
Inter-American Institute for Agricultural Cooperation IICA
Institute for Latin American Integration INTAL
International Organization for Migration IOM
International Strategy for Disaster Reduction ISDR
International Trade Centre ITC
Organization of Eastern Caribbean States OECS
Latin American Energy Organization OLADE
Latin American Fisheries Development Organization OLDEPESCA
Pan American Health Organization / World Health Organization PAHO / WHO
Central American Parliament PARLACEN
Andean Parliament PARLANDINO
Latin American Parliament PARLATINO
Latin American Technological Information Network RITLA
Central American Integration System SICA
Permanent Secretariat of the General Treaty on Central American Economic Integration SIECA
Court of Justice of the Andean Community TJCA
United Nations Organization UN
United Nations Conference on Trade and Development UNCTAD
United Nations Development Program UNDP
United Nations Environment Program UNEP
United Nations Educational, Scientific and Cultural Organization UNESCO
United Nations Children’s Fund UNICEF
United Nations Industrial Development Organization UNIDO
World Intellectual Property Organization WIPO
World Trade Organization WTO

http://www.sela.org
sela@sela.org
   SELA,  Permanent Secretariat
Torre Europa, Fourth floor, Urb. Campo Alegre, Av Francisco de Miranda,
Caracas 1060- Venezuela
Tlf: (58) (212) 955.71.11 Fax: (58) (212) 951.52.92