Bank of the South

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Bank of the South

Green shoots amidst debt chaos

4 December 2007 - by Eric Toussaint

December 2007 As regards North/South relations, we are at present in a situation which is exactly the opposite of the financial crises of the past 25 years. The credit bubble has begun to deflate and is moving towards the developing countries (...)
The International Situation and the Debt : The new challenges facing CADTM

27 August 2007 - by Eric Toussaint

Increase in foreign exchange reserves Since 2004, the economic situation has been characterised by the high price of raw materials and a number of agricultural products. This has allowed a large number of developing countries to increase their (...)
Open letter to the Presidents of Argentina, Bolivia, Brazil, Ecuador, Paraguay, and Venezuela

FOR A SOUTH BANK IN ACCORDANCE WITH PEOPLES’ RIGHTS, NEEDS, POTENTIALITIES AND DEMOCRATIC VOCATION Dear Sirs, The undersigned networks, organizations, and social movements, actively engaged in the struggle against the tragedy of the external (...)
Interview of Éric Toussaint

World Bank: Hands up, this is a hold-up !

19 June 2007 - by Eric Toussaint, Miguel Riera

Having been accused of nepotism, Paul Wolfowitz had to resign as president of the World Bank. He is being replaced by Robert Zoelick who has imposed bilateral free-trade agreements on several countries of the South. The World Bank thus proves (...)
Interview of Eric Toussaint published in the Belgian daily Le Soir on 12-13 May 2007

The Bank of the South Becoming Reality

20 May 2007 - by Véronique Kiesel (quotidien Le Soir)

A Revolutionary Project has been launched in South America: the “Bank of the South”; an alternative to the World Bank On May 3 in Quito ministers for economy in six South American countries - Argentina, Venezuela, Bolivia, Ecuador, Paraguay, and (...)
The Bank of the South: a review of what is at stake

20 May 2007 - by Eric Toussaint

Two opposite tendencies at play in Latin America On one hand, the United States government and the EU countries make bilateral free-trade agreements with the countries of the region - an arrangement which benefits their own companies. These (...)
Bank of the South, international context and alternatives

9 September 2006 - by Eric Toussaint

Today’s overriding trend, in existence for 25 to 30 years, has been the pursuit of a neoliberal and imperialistic capitalist offensive. Over the last few years, this trend has been expressed by the more and more frequent recourse to imperialistic (...)