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Assembled in Punta del Este, inspired by the principles consecrated in the Charter of the Organization of American States, in Operation Pan America and in the Act of Bogota, the representatives of the American Republics hereby agree to establish an Alliance for Progress; a vast effort to bring a better life to all the people of the Continent.
This Alliance is established on the basic principle that free men working through the institution of representative democracy can best satisfy man's aspirations, including those for work, home and land, health and schools. No system can guarantee true progress unless it affirms the dignity of the individual which is the foundation of our civilization.
Therefore the countries signing this declaration in the exercise of their sovereignty have agreed to work toward the following goals during the coming years:
To improve and strengthen democratic institutions through application of the principle of self-determination by the people.
To accelerate economic and social development, thus rapidly bringing about a substantial and steady increase in the average income in order to narrow the gap between the standard of living in Latin American countries and that enjoyed in the industrialized countries.
To carry out urban and rural housing programs to provide decent homes for all our people.
To encourage, in accordance with the characteristics of each country, programs of comprehensive agrarian reform, leading to the effective transformation, where required, of unjust structures and systems of land tenure and use; with a view to replacing latifundia and dwarf holdings by an equitable system of property so that, supplemented by timely and adequate credit, technical assistance and improved marketing arrangements, the land will become, for the man who works it, the basis of his economic stability, the foundation of his increasing welfare, and the guarantee of his freedom and dignity.
To assure fair wages and satisfactory working conditions to all our workers; to establish effective systems of labor-management relations and procedures for consultation and cooperation among government authorities, employers' associations, and trade unions in the interests of social and economic development.
To wipe out illiteracy; to extend, as quickly as possible, the benefits of primary education to all Latin Americans; and to provide broader facilities, on a vast scale, for secondary and technical training and for higher education.
To press forward with programs of health and sanitation in order to prevent sickness, combat contagious disease, and strengthen our human potential.
To reform tax laws, demanding more from those who have most, to punish tax evasion severely, and to redistribute the national income in order to benefit those who are most in need, while, at the same time, promoting savings and investment and reinvestment of capital.
To maintain monetary and fiscal policies which, while avoiding the disastrous effects of inflation or deflation, will protect the purchasing power of the many, guarantee the greatest possible price stability, and form an adequate basis for economic development.
To stimulate private enterprise in order to encourage the development of Latin American countries at a rate which will help them to provide jobs for their growing populations, to eliminate unemployment, and to take their place among the modern industrialized nations of the world.
To find a quick and lasting solution to the grave problem created by excessive price fluctuations in the basic exports of Latin American countries on which their prosperity so heavily depends.
To accelerate the integration of Latin America so as to stimulate the economic and social development of the Continent. This process has already begun through the General Treaty of Economic Integration of Central America and, in other countries, through the Latin American Free Trade Association.
This declaration expresses the conviction of the nations of Latin America that these profound economic, social and cultural changes can come about only through the self-help efforts of each country. Nonetheless, in order to achieve the goals which have been established with the necessary speed, domestic efforts must be reinforced by essential contributions of external assistance.
The United States, for its part. pledges its efforts to supply financial and technical cooperation in order to achieve the aims of the Alliance for Progress. To this end, the United States will provide a major part of the minimum of twenty billion dollars principally in public funds, which Latin America will require over the next ten years from all external sources in order to supplement its own efforts.
The United States will provide from public funds as an immediate contribution to the economic and social progress of Latin America, more than one billion dollars during the twelve months which began on March 13,1961, when the Alliance for Progress was announced.
The United States intends to furnish development loans on a long-term basis, where appropriate, running up to fifty years and at very low or zero rates of interest.
For their part, the countries of Latin America agree to devote a steadily increasing share of their own resources to economic and social development. and to make their reforms necessary to assure that all share fully in the fruits of the Alliance for Progress.
Further, as a contribution to the Alliance for Progress, each of the countries of Latin America will formulate comprehensive and well-conceived national programs for the development of its own economy.
Independent and highly qualified experts will be made available to Latin American countries in order to assist in formulating and examining national development plans
Conscious of the overriding importance of this declaration, the signatory countries declare that the Inter-American community is now beginning a new era, when it will supplement its institutional, legal cultural and social accomplishment with immediate and concrete actions to secure a better life, under freedom and democracy, for the present and future generations.
(1) The special meeting of the Inter-American Economic and Social Council which began at Punta del Este, Uruguay, on August 5 was concluded on August 17 with the signing of a declaration and a charter by all members of the Organization of American States except Cuba. Back
Inter-American relations; collection of documents, legislation, descriptions of inter-American organizations, and other material pertaining to inter-American affairs.
Compiled by Barry Sklar and Virginia M. Hagen
Washington, U.S. Govt. Print. Off., 1972