UN General Assembly
1990

We believe that other initiatives for co-operation with the region should be considered, such as the initiatives presented by Colombia, Mexico and Venezuela – the Group of Three – the initiative of the International Commission for the Recovery and Development of Central America. Furthermore, in support of political changes which have taken place in Latin America and the Caribbean, the President of the United States of America recently announced a new programme for economic and financial relations between the United States and the Latin American and Caribbean region, known as the Initiative for the America. This is clearly an opportunity to promote the region’s prosperity and forma new American community. In principle, Central America has expressed its satisfaction at the prospects for this proposal, which we believe will help fulfill the agreements reached by the Central American Presidents in the plan of action adopted at their Antigua meeting. Guatemala has also reacted to the offer to support the protection of the environment by a mechanism for the exchange of bilateral debt for development projects.