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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>Lanzamiento de Banco del Sur</title>
      <description>Siete líderes de Sudamérica lanzaron el domingo el Banco del Sur, promoviéndolo  como la alternativa del continente a las entidades prestamistas que tiene el apoyo de EE.UU.</description>
      <link>http://www.bicusa.org/en/Article.3617.aspx</link>
      <pubDate>Mon, 10 Dec 2007 16:03:40 GMT</pubDate>
      <guid>http://www.bicusa.org/en/Article.3617.aspx</guid>
    </item>
    <item>
      <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>
    </item>
    <item>
      <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>
    </item>
    <item>
      <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>
    <item>
      <title>Organizaciones de sociedad civil presenta segunda carta sobre el Banco del Sur</title>
      <description>Jubileo Sur y otras organizaciones de sociedad civil entregarán la carta a los presidentes de Argentina, Bolivia, Brasil, Ecuador, Paraguay, Uruguay y Venezuela, los probables firmantes de la creación del Banco. </description>
      <link>http://www.bicusa.org/en/Article.3558.aspx</link>
      <pubDate>Fri, 02 Nov 2007 00:00:00 GMT</pubDate>
      <guid>http://www.bicusa.org/en/Article.3558.aspx</guid>
    </item>
    <item>
      <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>
    </item>
    <item>
      <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>
    </item>
    <item>
      <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>
    </item>
    <item>
      <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>
    </item>
    <item>
      <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>
    <item>
      <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>
    </item>
    <item>
      <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>
    </item>
    <item>
      <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>
    </item>
    <item>
      <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>
    </item>
    <item>
      <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>
    </item>
    <item>
      <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>
    </item>
    <item>
      <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>
    </item>
    <item>
      <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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