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.

Contents

Show All>>

 

The above information uses material from Wikipedia and is licensed under the GNU Free Documentation License.
Some facts may not have been fully verified for accuracy. [Disclaimers]
This page was last archived by our server on Thu Mar 11 09:53:48 2010. [ refresh local cache ]
Displaying this page or its contents does not use any Wikimedia Foundation's resources.
The owners of this site proudly support the Wikimedia Foundation.