Honduras has become the latest Latin American country to join ALBA, the Bolivarian Alternative of the Americas. ALBA was established as a counterweight to US-led trade agreements in Latin America. Honduran officials say founding member Venezuela has offered to double its foreign aid, dwarfing assistance from US-controlled bodies like the World Bank. The move marks a sign of further rejection of US influence in Latin America. In the 1980s, Honduras was the staging ground for the US-led effort to overthrow the Sandinista government in Nicaragua. Nicaragua is also an ALBA member, along with Cuba, Bolivia and Dominica.