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Reading: THE FUND FOR THE STRUCTURAL CONVERGENCE OF MERCOSUR – FOCEM: 15 YEARS BUILDING INTEGRATION.
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UPMercosur > Blog > International relations > THE FUND FOR THE STRUCTURAL CONVERGENCE OF MERCOSUR – FOCEM: 15 YEARS BUILDING INTEGRATION.
International relations

THE FUND FOR THE STRUCTURAL CONVERGENCE OF MERCOSUR – FOCEM: 15 YEARS BUILDING INTEGRATION.

FOCEM has played a crucial role as an innovative instrument of "south-south cooperation." It is an instrument that distinguishes MERCOSUR from other integration schemes, and that finances projects through non-refundable donations, which differentiates it from the financing of traditional financial organizations.

Raul Cheyllada
Last updated: 2024/02/27 at 12:14 PM
Raul Cheyllada
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FOCEM has proven to be a successful driver of integration and economic development in the MERCOSUR region. Until September 2023, the States Parties of MERCOSUR have converted their contributions into non-refundable financing for 51 projects, generating significant improvements such as 790 km of roads, 600 km of railways, access to drinking water for 93 communities, social housing, spaces improved educational services, contributions to the fight against diseases such as foot-and-mouth disease, and a research network in biotechnology applied to health.

In the current global situation, there is an opportunity to capitalize on the accumulated experience and pose new challenges for the growth of the FOCEM as an essential instrument of MERCOSUR, capable of promoting integration and energizing the bloc’s economies.

Having spent more than 32 years of MERCOSUR activity, FOCEM has gone through a 17-year trajectory, providing valuable experience and positioning itself as a unique instrument of “south-south cooperation” in the region.

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    Raul Cheyllada 27 February, 2024 17 February, 2024
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