[TCRN] – Nicaragua President Daniel Ortega was confirmed as the new (but temporary) President of Central American Integration System (SICA).
The 39th summit will be commencing June 29th, 2012 in Tegucigalpa, Honduras.
What is SICA?
Central American Integration System (SICA) is the economic, cultural and political organization of Central American states, to establish cooperation in search for regional peace, political freedom, democracy and economic development. The headquarters of SICA are located in the Republic of El Salvador.
Guatemala, El Salvador, Honduras, and Nicaragua, have formed a group called The Central America Four or CA-4, which has introduced common internal border policies and Belize, Costa Rica, Panama and Dominican Republic also work with the CA-4 but only on economic integration issues.
Some of the interesting prospects SICA puts forward:
A Central American Currency Union – this effort is highly improbable, dollarization is more likely. Governmental compliance, establishment of a regional bank, resource availability, all makes this prospect a non starter.
Central American Parliament is a modern renewal of Federal Republic of Central America which existed in the mid 1800’s. Most of these projects efforts are focus on negating conflict in the region such as the Esquipulas Peace Agreement. Costa Rica has a history of promoting this effort but has not yet ratified and is consequently not represented.
Central American Court if Justice (CCJ) mission is to promote peace between state members as well as offer consultation to regional Supreme Courts.
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