The Andean Development Corporation, CAF, the Ecuadorian Ministry of Foreign Relations and the Latin American Faculty of Social Sciences, FLACSO, held a high-level Seminar on "South American Integration and its future challenges." The Seminar welcomed the decision of the South American presidents in Cuzco, Peru, in December 2004 to give shape to the integration projects of the South American continent. The papers presented at the Seminar will be compiled into a book to be presented to the South American Foreign Ministers at their meeting in Guayaquil on August 2. The Ecuadorian Foreign Minister, CAF representative Luis Palaú, and the director of FLACSO participated in the opening session. Rolando Terrazas, CAF director of sectoral analysis and programming, took part as speaker.