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Correa proposed to change the statutes of UNASUR

Posted On 05 Dec 2014

correa-reunion-unasur

President Rafael Correa raised yesterday to his counterparts in the Union of South American Nations (Unasur for its Spanish acronym) a change of the statutes due to the lack of consensus to adopt some initiatives of economic and financial integration.

“Certainly, it is necessary to think on the institutionalization of Unasur, where all decisions in its three collegiate bodies of administration, should be taken by consensus, i.e., there is veto, the best way of not progressing,” said Correa at the opening of the UNASUR meeting that will continue today.

“We need to review our laws and set no consensus, yet qualified majorities in the important points,” added the President.

Correa reiterated his call for concrete initiatives as the south bank and reserve fund, a system of compensation changes to minimize the use of the dollar and the creation “of a regional currency” in medium a term.

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LATEST NEWS

Singue case, involving Jorge Glas, is reactivated from the previous investigation

Posted On 02 Jun 2023

Daniel Noboa is the first confirmed presidential candidate

Posted On 02 Jun 2023

The World Bank will provide USD 300 million to finance SMEs in Ecuador

Posted On 02 Jun 2023
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