Union of South American Nations in Mitad del Mundo, Ecuador, where the cornerstone was laid for the headquarters of the General Secretariat of the Union. In April 2018, six countries suspended membership: Argentina, Brazil, Chile, Colombia, Paraguay and Peru. In August 2018, Colombia announced its withdrawal from the organization. At the Third South American Summit on 8 December 2004, presidents or representatives from 12 South American nations signed the "Cusco Declaration", a two-page statement of intent announcing the foundation of the South American Community. Panama and Mexico attended the signing ceremony as observers in Brazil. The mechanics of the new entity came out of the
League of Nations Delegates from 34 nations attended the assembly. This session concerned itself with liquidating the League: it transferred assets worth approximately $22,000,000 (U.S.) in 1946 (including the Palace of Nations and the League's archives) to the UN, returned reserve funds to the nations that had supplied them, and settled the debts of the League. Robert Cecil, addressing the final session, said: The Assembly passed a resolution that "With effect from the day following the close of the present session of the Assembly [i.e., April 19], the League of Nations shall cease to exist except for the sole purpose of the liquidation