The Bank of the South (Spanish: Banco del Sur, Portuguese: Banco do Sul); or BancoSur is a monetary fund and lending organization established on September 26, 2009 by Argentina, Brazil, Paraguay, Uruguay, Ecuador, Bolivia and Venezuela with an initial capital of 20 billion U.S. dollars. Argentina, Venezuela and Brazil were to have each pledged $4 billion, while Uruguay, Ecuador, Paraguay and Bolivia were to have chipped in smaller amounts.[1][2] The intention of the bank is to lend money to nations in the Americas for the construction of social programs and infrastructure.
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