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The organisation was set up at the end of 2004 on the initiative of Cuba and Venezuela. This association also includes Bolivia, Honduras, Dominica and Nicaragua; Haiti, Iran, Uruguay and Ecuador are among its observers.

During the meeting Mr Medvedev raised the question of developing cooperation between Russia and Latin American countries.

President Hugo Chavez of Venezuela, President Evo Morales of Bolivia, President Manuel Zelaya of Honduras, President Daniel Ortega of Nicaragua, President Rafael Correa of Ecuador, Prime Minister of the Commonwealth of Dominica Roosevelt Skerrit, and Vice President of the Council of Ministers of Cuba Ricardo Cabrisas took part in the meeting.