Feletti said, noting that trade between countries in the region moves 120 billion dollars annually. "The use of national currencies, excluding the dollar, protects reserves and increases trade because there are lower transaction rates." He also detailed plans of the technical groups focused on the development and strengthening of Development Banks, such as the Andean Development Corporation (CAF) and the Bank of the South. He explained that the technicians will review the Latin American Reserve Fund (FLAR), aiming at in order to give greater capacity to intervene to the governments of the bloc in case of speculative attacks against currency or sovereign debt. Council of South American Defense The creation of a Council of South American Defense was proposed by Brazil and discussed for the first time at a summit of the South American presidents in April 2008. The project was extensively discussed throughout 2008. The then Brazilian Defense Minister, Nelson Jobim, said in April 2008 that the council would be formed after the "political" decision of the presidents who participated in the launch of the Union of South American Nations (UNASUR) on 23 May 2008. On 15 December 2008, at the extraordinary UNASUR summit, the creation of the South American Defense Council was finally approved. This was composed of defense ministers of Argentina, Brazil, Uruguay, Paraguay, Bolivia, Colombia, Ecuador, Peru, Chile, Guyana, Suriname and Venezuela. The Defense Council is responsible for developing joint defense policies, promoting the exchange of personnel among the Armed Forces of each country, conducting joint military exercises, participating in United Nations peace operations, promoting the exchange of analyzes on the world defense scenarios and the integration of industrial bases of military equipment. South American Council of Health The South American Council of Health is a UNASUR body established and approved on 16 December 2008, which brings together health ministers of the member states to develop regional programs in the region. Area of public health to be jointly financed by the South American bloc, to coordinate the energy policy of Unasur. It was created by decision of the Heads of State and Government of UNASUR, meeting extraordinarily in the Coast of Sauipe, Bahia, Brazil in December 2008. It was finally constituted on 21 April 2009 in Santiago, Chile. It is a permanent council composed of Ministers from UNASUR member countries. This body was created in order to constitute a space of integration concerning health, incorporating efforts