Bank of the South | Bank Information Center: Monitoring the projects and policies of the World Bank, IMF and other international financial institutions


bicusa.org/bankofthesouth Home InstitutionsBank of the South Bank of the South Overview Lending Policies Getting Info Updates Resources Contacts RSS Update \| 13 June 2008 Weekly roundup: IFIs in the news The "Weekly Roundup" is a compilation of select news articles, blogs or other media concerning the international financial institutions from the past week. Read more Update \| 6 June 2008 Weekly roundup: IFIs in the news The "Weekly Roundup" is a compilation of select news articles, blogs or other media concerning the international financial institutions from the past week. Read more Update \| 30 May 2008 Weekly roundup: IFIs in the news The "Weekly Roundup" is a compilation of select news articles, blogs or other media concerning the international financial institutions from the past week. Read more Update \| 16 May 2008 Weekly roundup: IFIs in the News 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. Read more Update \| 10 December 2007 Lanzamiento de Banco del Sur 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. Read more Update \| 10 December 2007 Bank of the South launched 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 more Update \| 14 November 2007 Bank of the South 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. Read more Update \| 2 November 2007 CSOs draft open letter to Bank of the South members 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. Read more Update \| 2 November 2007 Organizaciones de sociedad civil presenta segunda carta sobre el Banco del Sur 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. Read more Update \| 18 October 2007 World Bank's relevance in Latin America wanes as region continues economic growth and Bank of the South presents emerging competition 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. Read more Update \| 3 October 2007 The Bank of the South will be born on Monday Venezuelan President Hugo Chávez announces that the Bank of the South will be formed on Monday in Caracas. Read more Update \| 20 September 2007 UN adopts Declaration on the Rights of Indigenous Peoples 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. Read more Update \| 9 July 2007 Amid ongoing discussions, Bank of the South nears launch 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. Read more Update \| 18 May 2007 The Bank of the South: an alternative for development finance? Debates about the future role of the Bank of the South are just beginning. Read more Update \| 18 May 2007 The Bank of the South, between economics and politics Discussions about the Bank of the South in the political and economic context of Latin America. Read more Update \| 15 May 2007 BIC launches new webpages on the Andean Development Corporation (Corporación Andina de Fomento) and Bank of the South (Banco del Sur) These new pages reflect the expanding focus of BIC's Latin America Program. Both pages are in Spanish. Read more Update \| 8 May 2007 Chávez seeks to defuse Brazil rift on ethanol 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. Read more Update \| 8 May 2007 Venezuela: Sweetening the Rhetoric on Brazilian Ethanol 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. Read more Update \| 7 May 2007 IDB targets $3 billion in Private Sector Biofuel Projects 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. Read more Update \| 7 May 2007 Venezuela Pulling out of IMF, World Bank 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. Read more Update \| 7 May 2007 Bank of the South meets in Caracas 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. Read more Update \| 7 May 2007 Venezuela’s Banco del Sur: The End of the IMF in Latin America? 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. Read more Print this page Email this page		Search Institutions AfDB ADB Bank of the South EBRD IDB IFC IMF MIGA World Bank See also Latin America Latinoamérica (en Español) Stay Informed! Sign up for our e-newsletters. 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