This spectacular semicircle monument commemorates the July 1822 meeting of two Latin American liberators, Simón Bolívar and José de San Martín, when it was decided that Guayaquil be annexed to what was then known as Gran Colombia and is today the countries of Ecuador, Colombia and Venezuela. No one knows the words they exchanged, but the result of their discussion left Simón Bolívar as general in chief. Not longer after that meeting, José de San Martín retired to private life.
The Spanish sculptor Jose Antonio Homs created the monument which was put into place in 1937 and is today a central feature of Malecon 2000.