10 December 2007
Seven South American leaders launched the Bank of the South (Banco del Sur) on Sunday, touting it as the continent's alternative to U.S.-backed lenders.
Read press coverage regarding the launch of the Bank of the South
- Bolvarian Finance: The IMF can sleep easy, The Economist, December 13, 2007. (Economist website)
- Why South America wants a new bank, by Lourdes Heredia, December 10, 2007. (BBC News website)
- Chavez, Allies Launch Bank of the South, by Bill Cormier, December 9, 2007. (Associated Press website)
- Bank of the South (Banco del Sur), Interview with Vince McElhinny, November 7, 2007 (Chicago Public Radio website)
- Hugo Chávez moves into banking, The Economist, May 10, 2007. (Economist website)
BIC Analysis on Bank of the South
Read Vince McElhinny's info brief on the Bank of the South and what it means for Latin America, and the continued relevance of the international financial institutions for the region.
Bank of the South, by Vince McElhinny, Bank Information Center, November 14, 2007. (Acrobat pdf, 519 KB)