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    <title>BIC Updates: Bank of the South</title>
    <link>http://www.bicusa.org/en/Institution.21.aspx</link>
    <description>The latest news on the Bank of the South from the Bank Information Center</description>
    <ttl>10</ttl>
    <image>
      <url>http://www.infodev.org/images/infodev.gif</url>
      <title>infoDev</title>
      <link>http://www.bicusa.org/en/Institution.21.aspx</link>
    </image>
    <item>
      <title>Unasur pledges 300 m USD for Haiti</title>
      <description>The Union of South American Nations, Unasur, leaders agreed Tuesday to provide 300 million US dollars in aid to Haiti at a summit in Ecuador which left aside regional disputes that have undermined relations since 2008.</description>
      <link>http://www.bicusa.org/en/Article.11766.aspx</link>
      <pubDate>Fri, 12 Feb 2010 11:19:32 GMT</pubDate>
      <guid>http://www.bicusa.org/en/Article.11766.aspx</guid>
    </item>
    <item>
      <title>Regional development bank Banco del Sur created </title>
      <description>Argentina, Brazil, Paraguay, Uruguay, Ecuador, Bolivia and Venezuela signed an agreement on Monday inaugurating a new regional development bank which will lend only to member countries for projects implemented in South America. </description>
      <link>http://www.bicusa.org/en/Article.11655.aspx</link>
      <pubDate>Wed, 25 Nov 2009 13:50:56 GMT</pubDate>
      <guid>http://www.bicusa.org/en/Article.11655.aspx</guid>
    </item>
    <item>
      <title>Bank of the South Formalized, Aims to Expand to $20 Billion </title>
      <description>The Bank of the South, a project finance bank of South American countries, will start with $7 billion in capital and will grow to $20 billion, the Venezuelan Finance Minister said.  </description>
      <link>http://www.bicusa.org/en/Article.11501.aspx</link>
      <pubDate>Tue, 29 Sep 2009 08:52:16 GMT</pubDate>
      <guid>http://www.bicusa.org/en/Article.11501.aspx</guid>
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      <title>Argentina, Brazil and Venezuela to increase their contributions to the Bank of the South</title>
      <description>Argentina, Brazil and Venezuela will raise their contribution levels to the Bank of the South to 4 billion dollars each.  The bank's incorporation charter was signed yesterday by seven South American governors. </description>
      <link>http://www.bicusa.org/en/Article.11495.aspx</link>
      <pubDate>Mon, 28 Sep 2009 10:07:44 GMT</pubDate>
      <guid>http://www.bicusa.org/en/Article.11495.aspx</guid>
    </item>
    <item>
      <title>Beyond the world creditors’ cartel</title>
      <description>In Latin America and elsewhere, the IMF may be re–emerging—but in a changed landscape.</description>
      <link>http://www.bicusa.org/en/Article.11401.aspx</link>
      <pubDate>Mon, 17 Aug 2009 11:28:40 GMT</pubDate>
      <guid>http://www.bicusa.org/en/Article.11401.aspx</guid>
    </item>
    <item>
      <title>Continued resilience: Regional Report Latin America</title>
      <description>One way to stem this rising tide, said ministers, would be for Latin American countries to "increase public infrastructure integration to reduce transport and energy costs in order to make their economies more competitive."
</description>
      <link>http://www.bicusa.org/en/Article.11366.aspx</link>
      <pubDate>Tue, 28 Jul 2009 12:26:35 GMT</pubDate>
      <guid>http://www.bicusa.org/en/Article.11366.aspx</guid>
    </item>
    <item>
      <title>The economic crisis frustrates Latin America's efforts to establish the Bank of the South</title>
      <description>Only a year ago many governments in Latin America expressed their desire to separate themselves from the World Bank and IMF loans. But, because of pressing financial needs, many Latin American governments have been forced to consider accepting funds from multilateral banks. In many ways this change has hindered the creation of the Bank of the South. </description>
      <link>http://www.bicusa.org/en/Article.11064.aspx</link>
      <pubDate>Tue, 10 Mar 2009 00:00:00 GMT</pubDate>
      <guid>http://www.bicusa.org/en/Article.11064.aspx</guid>
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      <title>World Social Forum 2009</title>
      <description>For the 2009 World Social Forum (WSF), a group composed of various organizations is organizing a two day workshop for updates and strategy building to inform, discuss, plan and act in defense of the rights of affected populations and the environment. The organizations are working to prevent and/or mitigate any type of social and environmental negative impacts caused by the Initiative for the Integration of Regional Infrastructure in South America (IIRSA) and other harmful development strategies.
</description>
      <link>http://www.bicusa.org/en/Article.11019.aspx</link>
      <pubDate>Tue, 03 Feb 2009 00:00:00 GMT</pubDate>
      <guid>http://www.bicusa.org/en/Article.11019.aspx</guid>
    </item>
    <item>
      <title>Global crisis is good news for IFIs in Latin America</title>
      <description>While the international financial institutions report sharp lending increases due to the global financial crisis, concerns over lack of transparency and accountability remain.</description>
      <link>http://www.bicusa.org/en/Article.11015.aspx</link>
      <pubDate>Fri, 09 Jan 2009 10:54:55 GMT</pubDate>
      <guid>http://www.bicusa.org/en/Article.11015.aspx</guid>
    </item>
    <item>
      <title>New book by INESC - Financing for Megaprojects</title>
      <description>A new book of articles edited by Ricardo Verdum of the Brazilian Instituto de Estudio Socioeconomicos (Inesc) explores the trends in financing for megaprojects in South America.  The book highlights the shifting balance between IFIs such as the World Bank, the IDB and CAF toward new institutions such as BNDES, as well as the competition between IIRSA and UNASUR.  The book emphasizes the urgency for greater transparency and accountability in information and decision making about large, high risk infrastructure in the region.</description>
      <link>http://www.bicusa.org/en/Article.11006.aspx</link>
      <pubDate>Mon, 29 Dec 2008 08:50:57 GMT</pubDate>
      <guid>http://www.bicusa.org/en/Article.11006.aspx</guid>
    </item>
    <item>
      <title>Weekly roundup: IFIs in the news</title>
      <description>Read all the headlines concerning the international financial institutions from the past week.</description>
      <link>http://www.bicusa.org/en/Article.3910.aspx</link>
      <pubDate>Thu, 02 Oct 2008 15:45:02 GMT</pubDate>
      <guid>http://www.bicusa.org/en/Article.3910.aspx</guid>
    </item>
    <item>
      <title>Weekly roundup: IFIs in the news</title>
      <description>The "Weekly Roundup" is a compilation of select news articles, blogs or other media concerning the international financial institutions from the past week.</description>
      <link>http://www.bicusa.org/en/Article.3866.aspx</link>
      <pubDate>Fri, 08 Aug 2008 00:00:00 GMT</pubDate>
      <guid>http://www.bicusa.org/en/Article.3866.aspx</guid>
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      <title>Civil society advises Bank of the South</title>
      <description>Over 50 civil society experts on International Financial Institution (IFI) issues and former IFI staff gathered in Ecuador in late June with the hope of playing a fundamental role in the configuration of the Bank of the South.</description>
      <link>http://www.bicusa.org/en/Article.3853.aspx</link>
      <pubDate>Mon, 21 Jul 2008 00:00:00 GMT</pubDate>
      <guid>http://www.bicusa.org/en/Article.3853.aspx</guid>
    </item>
    <item>
      <title>Weekly roundup: IFIs in the news</title>
      <description>The "Weekly Roundup" is a compilation of select news articles, blogs or other media concerning the international financial institutions from the past week.</description>
      <link>http://www.bicusa.org/en/Article.3802.aspx</link>
      <pubDate>Fri, 13 Jun 2008 00:00:00 GMT</pubDate>
      <guid>http://www.bicusa.org/en/Article.3802.aspx</guid>
    </item>
    <item>
      <title>Weekly roundup: IFIs in the news</title>
      <description>The "Weekly Roundup" is a compilation of select news articles, blogs or other media concerning the international financial institutions from the past week.</description>
      <link>http://www.bicusa.org/en/Article.3791.aspx</link>
      <pubDate>Fri, 06 Jun 2008 00:00:00 GMT</pubDate>
      <guid>http://www.bicusa.org/en/Article.3791.aspx</guid>
    </item>
    <item>
      <title>Weekly roundup: IFIs in the news</title>
      <description>The "Weekly Roundup" is a compilation of select news articles, blogs or other media concerning the international financial institutions from the past week.</description>
      <link>http://www.bicusa.org/en/Article.3781.aspx</link>
      <pubDate>Fri, 30 May 2008 00:00:00 GMT</pubDate>
      <guid>http://www.bicusa.org/en/Article.3781.aspx</guid>
    </item>
    <item>
      <title>Weekly roundup: IFIs in the News</title>
      <description>This is a new feature from BIC! This "Weekly Roundup" is a compilation of select news articles, blogs or other media concerning the international financial institutions from the past week.</description>
      <link>http://www.bicusa.org/en/Article.3764.aspx</link>
      <pubDate>Fri, 16 May 2008 00:00:00 GMT</pubDate>
      <guid>http://www.bicusa.org/en/Article.3764.aspx</guid>
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      <title>Bank of the South launched</title>
      <description>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. </description>
      <link>http://www.bicusa.org/en/Article.3614.aspx</link>
      <pubDate>Mon, 10 Dec 2007 14:20:24 GMT</pubDate>
      <guid>http://www.bicusa.org/en/Article.3614.aspx</guid>
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      <title>Bank of the South</title>
      <description>Eight countries are planning to inaugurate the Bank of the South in December 2007. The Bank of the South represents the cornerstone to a more wholesale renovation of the regional financial architecture long dependent on Northern banks. Read Vince McElhinny's new 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.</description>
      <link>http://www.bicusa.org/en/Article.3573.aspx</link>
      <pubDate>Wed, 14 Nov 2007 16:58:22 GMT</pubDate>
      <guid>http://www.bicusa.org/en/Article.3573.aspx</guid>
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      <title>CSOs draft open letter to Bank of the South members</title>
      <description>On November 1, Jubilee South and other civil society organizations unveiled an open letter to the presidents of Argentina, Bolivia, Brazil, Paraguay, Uruguay and Venezuela calling for a sovereign, supportive, sustainable and integrated Bank of the South.</description>
      <link>http://www.bicusa.org/en/Article.3557.aspx</link>
      <pubDate>Fri, 02 Nov 2007 00:00:00 GMT</pubDate>
      <guid>http://www.bicusa.org/en/Article.3557.aspx</guid>
    </item>
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      <title>World Bank's relevance in Latin America wanes as region continues economic growth and Bank of the South presents emerging competition</title>
      <description>Continued macro-economic prosperity in Latin America furthers decline in World Bank relevance in the region as worries grow about competition with Bank of the South.</description>
      <link>http://www.bicusa.org/en/Article.3543.aspx</link>
      <pubDate>Thu, 18 Oct 2007 15:15:15 GMT</pubDate>
      <guid>http://www.bicusa.org/en/Article.3543.aspx</guid>
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      <title>The Bank of the South will be born on Monday</title>
      <description>Venezuelan President Hugo Chávez announces that the Bank of the South will be formed on Monday in Caracas.</description>
      <link>http://www.bicusa.org/en/Article.3527.aspx</link>
      <pubDate>Wed, 03 Oct 2007 00:00:00 GMT</pubDate>
      <guid>http://www.bicusa.org/en/Article.3527.aspx</guid>
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      <title>UN adopts Declaration on the Rights of Indigenous Peoples</title>
      <description>On September 13th, after over 20 years of negotiations, the United Nations General Assembly finally adopted the Declaration on the Rights of Indigenous Peoples. The international declaration sets a higher standard for international financial institutions (IFIs) to ensure safeguards and strengthen their policies on indigenous peoples.</description>
      <link>http://www.bicusa.org/en/Article.3495.aspx</link>
      <pubDate>Thu, 20 Sep 2007 16:34:28 GMT</pubDate>
      <guid>http://www.bicusa.org/en/Article.3495.aspx</guid>
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      <title>Amid ongoing discussions, Bank of the South nears launch</title>
      <description>While the specific role and activities of the new Latin American regional development bank are still being debated, plans are moving forward to formalize an agreement between members that would create an alternative to the World Bank and IMF.</description>
      <link>http://www.bicusa.org/en/Article.3433.aspx</link>
      <pubDate>Mon, 09 Jul 2007 13:45:05 GMT</pubDate>
      <guid>http://www.bicusa.org/en/Article.3433.aspx</guid>
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      <title>The Bank of the South: an alternative for development finance?</title>
      <description>Debates about the future role of the Bank of the South are just beginning. </description>
      <link>http://www.bicusa.org/en/Article.3362.aspx</link>
      <pubDate>Fri, 18 May 2007 12:13:57 GMT</pubDate>
      <guid>http://www.bicusa.org/en/Article.3362.aspx</guid>
    </item>
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      <title>The Bank of the South, between economics and politics </title>
      <description>Discussions about the Bank of the South in the political and economic context of Latin America.</description>
      <link>http://www.bicusa.org/en/Article.3360.aspx</link>
      <pubDate>Fri, 18 May 2007 11:55:04 GMT</pubDate>
      <guid>http://www.bicusa.org/en/Article.3360.aspx</guid>
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      <title>BIC launches new webpages on the Andean Development Corporation (Corporación Andina de Fomento) and Bank of the South (Banco del Sur)</title>
      <description>These new pages reflect the expanding focus of BIC's Latin America Program. Both pages are in Spanish.    </description>
      <link>http://www.bicusa.org/en/Article.3349.aspx</link>
      <pubDate>Tue, 15 May 2007 17:17:41 GMT</pubDate>
      <guid>http://www.bicusa.org/en/Article.3349.aspx</guid>
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      <title>Chávez seeks to defuse Brazil rift on ethanol</title>
      <description>Venezuelan President Hugo Chavez addressed the issues of Ethanol production and the recent US-Brazil agreement, which aims to integrate the region's ethanol production. </description>
      <link>http://www.bicusa.org/en/Article.3324.aspx</link>
      <pubDate>Tue, 08 May 2007 12:48:49 GMT</pubDate>
      <guid>http://www.bicusa.org/en/Article.3324.aspx</guid>
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      <title>Venezuela: Sweetening the Rhetoric on Brazilian Ethanol</title>
      <description>Chavez takes a more diplomatic approach to discussions between Venezuela and Brazil on Brazil's production of ethanol and its agreement with the United States.</description>
      <link>http://www.bicusa.org/en/Article.3323.aspx</link>
      <pubDate>Tue, 08 May 2007 12:33:25 GMT</pubDate>
      <guid>http://www.bicusa.org/en/Article.3323.aspx</guid>
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      <title>IDB targets $3 billion in Private Sector Biofuel Projects </title>
      <description>Inter-American Development Bank President Moreno announces planned investments in ethanol and biodiesel production, technical assistance for Central American countries, and a $300 million Green Energy Program. </description>
      <link>http://www.bicusa.org/en/Article.3319.aspx</link>
      <pubDate>Mon, 07 May 2007 15:30:11 GMT</pubDate>
      <guid>http://www.bicusa.org/en/Article.3319.aspx</guid>
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      <title>Venezuela Pulling out of IMF, World Bank </title>
      <description>Chavez said that the Bank of the South will be Latin America's newest source of lending and that it will be run by countries in the region.</description>
      <link>http://www.bicusa.org/en/Article.3317.aspx</link>
      <pubDate>Mon, 07 May 2007 15:05:47 GMT</pubDate>
      <guid>http://www.bicusa.org/en/Article.3317.aspx</guid>
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      <title>Bank of the South meets in Caracas</title>
      <description>The Ministers of Economy for the countries of Bolivia, Venezuela, Ecuador, Brazil, Argentina and Paraguay meet in Caracas to discuss new proceedings on the Banco del Sur. </description>
      <link>http://www.bicusa.org/en/Article.3316.aspx</link>
      <pubDate>Mon, 07 May 2007 14:52:40 GMT</pubDate>
      <guid>http://www.bicusa.org/en/Article.3316.aspx</guid>
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      <title>Venezuela’s Banco del Sur: The End of the IMF in Latin America?</title>
      <description>Rodrigo de Rato, Managing Director of the International Monetary Fund, gave a speech to an audience of Columbia Business School students in February during which he urged Latin American countries to follow the IMF's suggestions.</description>
      <link>http://www.bicusa.org/en/Article.3310.aspx</link>
      <pubDate>Mon, 07 May 2007 00:00:00 GMT</pubDate>
      <guid>http://www.bicusa.org/en/Article.3310.aspx</guid>
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