The Permanent Secretariat of the Latin American and Caribbean Economic System (SELA) will host next month in Venezuela a forum to share regional initiatives to build a new financial architecture.

Under the name of "Regional Meeting: International Financial Architecture Reform and Monetary and Financial Cooperation in Latin America and the Caribbean" the 27 member countries of the bloc founded in 1975 will bring experience and views on the subject.

According to a press release of SELA, the meeting will also serve to analyze proposals from other scenarios and their implications for developing nations.

The forum slated to April 8 and 9 at Torre Europa, in Caracas will have Venezuela Central Bank as co-sponsor.

According to organizers, the two days of debates will be marked by the presentation of ideas and projects under the different regional integration processes and the current scenario of the economic crisis.

Among the initiatives to review are the Bank of the Bolivarian Alliance for the Peoples of Our America and its proposed payment instrument SUCRE, the South Bank and the Latin American Reserve Fund, reported the note circulated here. For SELA, the forum will allow to advance in mechanisms to increase the efficiency of regional cooperation in monetary and financial matters.