Search This Blog

Tuesday, December 11, 2007

Bank of South

The Hindu reports:

"Latin American nations form Bank of South

BUENOS AIRES (ARGENTINA): Presidents from six Latin American nations on Sunday signed a document creating the Bank of the South, a regional development bank launched with capital from Venezuela, Bolivia and Argentina.

...

The Presidents had previously said the bank aims to boost economic growth with cheap credit for infrastructure projects and private sector projects.

Mr. Chavez said the bank was the first step in creating a single currency to replace the U.S. dollar, and that step by step, it will replace the IMF and World Bank.

..."


They do not go beyond credit in finance.

2 comments:

Anonymous said...

Что ж ты думаешь, что когда помрешь, тебя просто черви съедят. Нет друг, так ты каши не сваришь. Бедный ты, бедный.

Nikolay Kryachkov said...

1. Мы не друзья и нечего мне тыкать.

2. Если есть, что сказать по существу, скажите.