-
South American countries sign Articles of Agreement of BANCOSUR
by
Oscar Ugarteche
14 October 2009
Twenty months after signing the founding charter of the Bank of the South in Buenos Aires, South American presidents signed the Articles of Agreement of BANCOSUR in Porlamar, Margarita Island, on Monday, 28 September 2009. The agreement contains rules that were negotiated by committees at the level of ministries of economy and finance, and include capital investments, a voting mechanism, recruitment of staff, case law, tax and legal considerations of officials and the functionality of the (...)
-
He is an ideologue of the creation of the Bank of the South
Paraguay. The Belgian who met with the president is an adviser to Correa and works with Chavez.
by
ABC Digital
27 December 2008
Eric Toussaint, the Belgian who met with the President of the Republic and then with a group of ministers, is one of the advisers to the Ecuadorian President Rafael Correa and works closely with the Venezuelan President Hugo Chavez. He is one of the ideologists of the Bank of the South. Yesterday in the Presidential Palace President Fernando Lugo received the Belgian Eric Toussaint, an adviser to Rafael Correa and a close aide to President Hugo Chavez. The President of the Republic, (...)
-
What is the Bank of the South?
by
Halifax Initiative
19 December 2008
On December 9th, 2007, representatives from Argentina, Bolivia, Brazil, Ecuador, Paraguay, Uruguay, and Venezuela met in Buenos Aires, Argentina, to launch “el Banco del Sur” or the Bank of the South (BoS). With the creation of the Bank, the leaders of Latin America envisaged a new development institution to help promote growth and tackle poverty. The BoS was originally proposed in 2006 by Venezuelan president Hugo Chavez. Chavez, along with other South American leaders, wanted a Bank that (...)
-
Latin America: In support of regional integration and a partial delinking from the world capitalist market
We need to learn the lessons of the 20th century in order to apply them at the beginning of the 21st century
by
Éric Toussaint
20 October 2008
Paper presented in Caracas on October 8, 2008 at the School of Planning for the international seminar titled “Responses from the South to the World Economic Crisis”. The other speakers on the panel were: Hugo Chavez, president of the Bolivarian Republic of Venezuela, Haiman El Troudi, Minister of Planning (Venezuela), Claudio Katz, Economist of the Left (Argentina) and Pedro Paez, Minister of Economic Coordination (Ecuador). The entire conference was broadcast live by Venezuelan state (...)
-
Final declaration of the International Political Economy Conference
Responses from the South to the Global Economic Crisis
20 October 2008
Caracas - October 11, 2008 Academics and researchers from Argentina, Australia, Belgium, Canada, Chile, China, Cuba, Ecuador, Egypt, France, Mexico, Peru, Philippines, South Korea, Spain, United Kingdom, United States, Uruguay and Venezuela participated in the International Political Economy Conference: Responses from the South to the Global Economic Crisis, held in Caracas October 8-11, 2008. The conference stimulated a wide-ranging debate on the current economic and financial health of (...)
-
A Future for the Bank of the South ?
by
Éric Toussaint
12 September 2008
Interviewed by Politis (French weekly paper) September 2008. Q.1. The implementation of the Bank of the South, which should have been effective 60 days after its foundation by seven South American countries last December, is running late. What is the current situation ? Are there pressures aiming at jeopardising the project? You are right: 9 months have now elapsed since the heads of states of Argentina, Bolivia, Brazil, Ecuador, Paraguay, Uruguay and Venezuela signed the founding act (...)
-
South/North Dialogue – Quito – 10-15 September 2008
International Conjuncture. Short version
by
Éric Toussaint
5 September 2008
In 1982, the epicentre of the debt crisis was in the South and the first casualties were the governments of the developing countries, who suddenly found themselves owing enormous amounts in debt repayments. In August 2007, a debt crisis exploded in the North in the world’s leading economy, which so far has mainly affected private finance companies in the industrialized countries, especially in North America and in Western Europe. The global situation has changed over the last 25 years in (...)
-
South/North Dialogue – Quito – 10-15 September 2008
International Conjuncture. Full version
by
Éric Toussaint
5 September 2008
In 1982, the external public debt crisis of the developing countries was triggered by the combined effects of the rise in interest rates imposed by the United States two years earlier, and the fall in prices of raw materials, particularly oil. The epicentre was in the South and the first casualties were the governments of the developing countries, who suddenly found themselves owing enormous amounts in debt repayments. The financial crises of the 1990s practically only affected developing (...)
-
Stage of definitions on the Southern Bank
by
María José Romero
8 August 2008
The Southern Bank is one of the three pillars of the new regional financial architecture in South America, together with a Southern Fund and a South American Monetary Unit. This fact was agreed upon by the presidents of Argentina, Bolivia, Brazil, Ecuador, Paraguay and Venezuela in the Quito Declaration signed on May 3, 2007. This Bank is intended to be an expression of sovereignty and financial independence, as well as an entity which will finance another kind of integration with emphasis (...)
-
South Bank: 90 days of silence
by
Gabriel Strautman
2 April 2008
At the launching event for the Southern Bank, held in Buenos Aires on December 9, 2007, the presidents of Bank member countries set a 60-day deadline to define the structure and guidelines of the new South American multilateral financial institution. In practice, the idea was to set a deadline in order to eliminate the existing divergences among members on the role of the Bank. However, the deadline expired on February 9 without having made any progress. It has been more than 90 days since (...)
Alternatives
RSS 2.0