ALBA celebrates 8th Anniversary
Venezuelan Vice-President Nicolás Maduro presided over the key ceremony
Executive Vice-President Nicolás Maduro presided over the principal ceremony, as part of the commemoration of the eight anniversary of the Bolivarian Alliance for the Peoples of our America – Peoples' Trade Agreement (ALBA-PTA), held on Saturday evening at Bolívar Square, downtown Caracas.
Bolivian President Evo Morales; Prime Minister of Antigua and Barbuda, Baldwin Spencer; Primer Minister of Dominica, Roosevelt Skerrit; Vice-President of the Cuban Ministerial Council, Miguel Díaz Canel; Nicaragua's Government Minister Ana Morales, and ex Honduran President Manuel Zelaya showed up for the occasion.
The audience included members of the Venezuelan Executive Cabinet, local authorities and representatives of the public branches. Historian and University Professor Vladimir Acosta started the presentations, state-run news agency AVN reported.
President Nicolás Maduro is not only the heir to the throne, but also to an economic crisis which demanded urgent measures to rectify the course. The crisis showed up in two aspects: a 50% inflation estimate, and shortage of staples ranging between 70% and 98%. These issues might hit the President's poor popularity; considering his feeble electoral victory of 1% over his challenger.