An early example of this type of agreement is the exchange of Cuban medical personnel for Venezuelan oil. But ALBA has also been the vehicle for providing literacy training to peoples in other member countries, the creation of supranational enterprises for production of medicines and food, a continental TV broadcaster Telesur, and the regional oil company Petrocaribe supplying fuel at far below world market prices. ALBA has spawned a bank providing low-interest loans for agricultural and industrial development, and is now establishing a currency, the Sucre, as a step toward a common currency for member countries.
– Richard Fidler. I wrote this review at the request of Climate & Capitalism, where it was first published.