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April 1, 2009 During the second Summit of Arab and South American Nations in Doha, Qatar, on Tuesday, Venezuelan President Hugo Chávez proposed a new international currency backed by oil reserves and an international bank managed jointly by petroleum exporting countries.
April 24, 2009 U.S. Secretary of State Hillary Clinton said on Wednesday that the U.S.'s policy of isolating Venezuelan President Hugo Chávez over the past eight years has failed.
April 17, 2009 Latin America's most progressive governments met in Cumaná, Venezuela on Thursday for the seventh summit of the Bolivarian Alternative for the Americas, ALBA. There they prepared their positions for this weekend's Summit of the Americas in Trinidad, and signed the decree for a new South American currency, the Sucre.