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The Latin American Economic System (SELA), is a regional intergovernmental organization established in 1975 that groups 26 Latin American and Caribbean countries. It aims to 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 to foster cooperation and integration among the countries of Latin America and the Caribbean.
SELA offers a wide range of services and implements numerous projects:
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.
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.