OBJETIVE

The Reserve Fund and Commercial Convergence (FRCC) has two main objectives:

 

1. To assist the operation of the Payments Central Clearing Chamber, through the financing of generated temporary deficits.

 

2. To reduce trade asymmetries between the States Parties of the SUCRE, through financing projects that are aimed for increasing the export supplies from and towards the States Parties, both in the sphere of production as well as strengthening the necessary infrastructure.

NORMATIVE

This integration project that aims to strengthening trade ties between the member countries of ALBA-TCP, arose the city of Caracas, on November 26, 2008, during the Third Extraordinary Summit of Heads of State and Government of the ALBA-TCP. And the Framework Agreement for the creation of SUCRE, was approved unanimously by the States of the ALBA-TCP, April 16, 2009, at the VII ALBA Summit held in Cumana, and thus the formation of a regional currency in Latin America went from being an idea to become reality. A similar experience was experienced by the European Union with the creation in 1979 of the unit of account of the European Monetary System, called ECU (European Currency Unit, in Spanish European Currency Unit), which 20 years later would lead to the Euro, one regional currency that directly benefited those transiting the Euro Zone by not having to exchange these currencies for their mutual settlements, promoting the economic integration of these countries.

FORMS FOR THE ALLOCATION AND EVALUATION OF PROJECTS

According to the Manual for the Design and Evaluation of Projects Reserve Fund and Commercial Convergence) of the Unitary System of Regional Compensation (SUCRE), the presentation of Project proposals to be funded by the FRCC should be made through the following forms:

 

Form 1:

 

Excel:

 

PDF:

 

Form 2:

 

Excel:

 

PDF:

 

According to Article 5 of the Manual, the requests for financing of a State Party shall be sent to the Executive Presidency of CMR, exclusively through the Director Ejecutivo del respectivo Estado Parte, prior favourable opinion of the national competent authority defined for this purpose by each State Party.

Document technical

Document technical

Project Document

Project Document

 Countries of the Regional Monetary Council

Address: Av. Tamanaco de la Urbanización El Rosal,

Edif. La Unión, Local 3, PB.

Municipio Chacao - Estado Miranda

Phone:  Master (+058) 212-9528618

Fax: (+058) 212-9528618

Contact : contacto@sucrealba.org

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Address: Av. Tamanaco de la Urbanización El Rosal,

Edif. La Unión, Local 3, PB. Municipio Chacao - Estado Miranda

Phone:  Master (+058) 212-9528618  / Fax: (+058) 212-9528618

Contact: contacto@sucrealba.org

Derechos Reservados ® Consejo Monetario Regional - 2016

    • ABOUT US +
    • SUCRE +
    • FUND RESERVES +
    • PAÍSES MIEMBROS +