The brief content of the lecture

1. Inter-American Development Bank is a main office of multisided financing of economic, social and institutional development in Latin American and Caribbean states. Inter-American Bank consists of:

- Bank

- Inter-American Investment Corporation

- Multisided Investment Fund.

IADB was formed in 1959 by 19 Latin American states and the USA. 46 states work in it. Just member of the OAS can be a member of this organization. For states from other regions exist other conditions:

- to be a member of International Monetary Fund;

- share participation in capital and finance participation in special funds/

2. Association was formed in August 1980 on the base of treaty, signed in Montevideo, anewed treaty 1960 about foundation zone of free trade in Latin America. Aim of the treaty 1980 is acceleration of integration processes through harmonization and balancing of social-economic development of region an establishment of Common Market in Latin America. State-members are Argentina, Bolivia, Brazil, Venezuela, Columbia, Mexico, Paraguay, Peru, Uruguay, Chile, Ecuador.

Structure:

- Latin American Council meets ones in year. Each state has one representative in it.

- Committee of Action is flexible coordination mechanism, directed on mutual programs and projects;

- Secretariat. Head of it assigns on 4 years;

Head-Quarter is situated in Karakas.

3. MERCOSUR was formed on March 26, 1991 due to Asun-Syon Treaty, on foundation of Free Trade Zone. In 2006 Custom Union was formed, which provides free moving of goods, services, capitals and working forces, and involvement of investments to region. (MERCOSUR is a “Common Market of the South” in Spanish). State-members are: Argentina, Brazil, Paraguay and Uruguay. Later Chile and Bolivia joined to it. By the end 90-s of XX c. About 85% of custom tariffs were liquidated, exсept Paraguay and Uruguay.

Structure:

- Council of Common Market is high political organ;

- Group of Common Market is an executive organ;

- Trade Commission;

- Parliamentary Commission;

- Consultative social-economic forum;

- Secretariat.

21 information centers were opened in the world. Head-Quarter and Secretariat is situated in Montevideo.

4. Andean Group was formed in 1969 due to Kartakhen agreement. Andean strategy was formed in 1990 and has next aims:

- development of Andean Economic Area;

- deepening of international connections with states of Andean Group and establishing of Latin American states unity.

Act of Peace (1990) confirmed aspiration to integration of Andean states and development of it main stages (zone of free trade, Custom Union) and other initiatives for foundation of Andean Common Market. These documents foresee foundation of Andean Community.

Members of Andean Community are: Bolivia, Venezuela, Columbia, Peru and Ecuador.

Structure:

- Andean Council of Presidents is a political sector of Community, was formed in 1990 for acceleration of integration processes, meets ones in year;

- Council of Ministers of Foreign Affairs agreed policy actions of Community, promoted development of integration and elaboration of mutual external policy;

- Commission representatives of state-members;

- Court was formed in 1995 (each state elects judge on 6 years);

- Andean Parliament (1979) consists of deputies of national parliaments (no more 5 deputies from each state).

Financial sector includes:

- Andean Development Corporation (Karakas) was formed in 1986 and serves as a Development Bank, Investment Bank, and Agency of Economic and Financial Assistance;

- Andean Reserve Fund (Bogota) manages by part of monetary reserve of state-members for supporting payment balance.

General Secretariat is situated in Lima.

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