As shown by the plethora of integration agreements across the continent and a brief study of Latin American history, the idea of Latin American integration is far from new (Baumann 2008). ALBA stresses this, although it emphasizes its own characteristics, and is explicitly intended to revive the project of the Latin American liberator Simon Bolivar. All the documentation published by ALBA points out that the project is a continuation of Bolivar`s campaign to create a “great homeland”, truly free and sovereign in the face of colonial (imperialist) powers (ALBA-TCP 2010a; 2010b). While the alliance is explicitly named El Libertador, it also claims to be able to draw on the tradition of other Latin American revolutionaries such as Antonio José de Sucre and Augusto Sandino. Under the full title of the ALBA (Bolivarian Alliance for the Peoples of Our America), “Our America” goes back to the concept of Jose Marti – and refers to a Latin America and the Caribbean, which are owned and run by its people and which are rather outside the interests (Marti 2008). This agreement between Cuba and Venezuela, signed on 14 December 2004 by Presidents Chavez and Fidel Castro, was aimed at exchanging medical and educational resources and oil between the two nations. Venezuela has begun delivering about 96,000 barrels of oil per day from its public oil group PDVSA to Cuba at very low prices. In exchange, Cuba sent 20,000 health professionals and thousands of teachers to Venezuela`s poorest countries. The agreement also allowed Venezuelans to travel to Cuba for free medical care.   [Self-published source?] Based on the previous san José (1980) and Caracas Energy Accords (2000) agreements between Venezuela and a number of Caribbean states, Petrocaribe was established in 2005 to facilitate oil trade under a financial concession agreement.
The initiative has made important hydrocarbon resources available to Caribbean Member States in exchange for services and goods, which many do not have in their territory. In the case of Cuba, a nation largely deprived of oil since the fall of the Soviet Union in 1991, Petrocaribe supplied oil in exchange for doctors.  In addition to funding the ALBA Bank, financial assistance has been allocated to projects through Petro-Caribe and the Petro Caribe Fund, an energy agreement that links Caribbean and Central American nations to Venezuela`s energy infrastructure and reserves. This organization serves as a gateway organization for ALBA. Updated, 1 August – The Bolivarian Alliance for the Americas is a regional bloc that aims to promote integration and cooperation between Latin America and Caribbean countries. Known as ALBA for its Spanish name (La Alianza Bolivariana para los Pueblos de Nuestra América), the group was born as a common agreement, led by the late Venezuelan President Hugo Chavez and the Cuban leader at the time, Fidel Castro. Since its inception nearly a decade ago, ALBA has grown from two to eight member countries, representing 10.4% of the GDP of Latin America and the Caribbean. On 25 August 2008, Honduran President Manuel Zelaya signed an ALBA membership agreement, with a rally in front of the presidential house attended by many presidents of ALBA countries, including Chavez and Morales.  The Honduran Congress, led by Roberto Micheletti, which became Elaya`s main political enemy and president of the transitional government after the 2009 coup d`état of Honduras approved by ALBA on 9 October 2008   On 16 December 2009, the Honduran Congress met to withdraw the country from ALBA and affirmed a “lack of respect” for Venezuela since the country`s accession in 2008 , citing in particular Hugo Chavez`s remarks on a possible invasion of Honduras to restore the post of Manuel Zelaya after being deposed in the 2009 Honduran coup d`état on 28 June 2009.