CARACAS, Friday June 26, 2009 | Update
Western Hemisphere
The nine member countries of the Bolivarian Alternative for the Peoples of Our America (ALBA), a regional integration initiative, announced on Friday in a statement that the member countries will mobilize "against the coup attempt" reported by Honduran President Manuel Zelaya.
The statement, dated on Thursday but released on Friday, expresses "a firm support" to Zelaya "in his fair and decisive actions to defend the right of the Honduran people to express their sovereign will and encourage a process of social transformation within democratic institutions."
Upon knowing "the serious allegations of destabilization and coup attempt made by the legitimate President of Honduras, we declare that we will mobilize (against these actions)," said the statement.
"This will be a mobilization along with the honorable people of Honduras against any attempt of the oligarchy to break with the constitutional and democratic order of the sister Central American nation," they added.
05:09 PM. Economy. If any country has cashed in on the Bolivarian revolution, that is Brazil, particularly the private companies of the southern neighbor. Over the past five years, it has been awarded contracts for works to be carried out in Venezuela for over USD 14 billion. This puts it as the first recipient of government-to-government contracts, that is, without bidding, since Hugo Chávez took office.