13 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.
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
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)
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 29 Nov 2007 [pdf, 700 KB]