It's an idea developed by Venezuelan President Hugo Chavez several years ago, and envisioned as a Latin American alternative to the International Monetary Fund. Now, at least seven countries have committed themselves to the goal of lending out around $20 billion to regional development projects, we find out what BancoSur might or might not accomplish, and why this organization is making headlines throughout the world, but not in the US.
http://thekojonnamdishow.org/shows/2009-10-22/bancosur-bank-south
BancoSur: The Bank of the South
Listen Thursday, Oct. 22, 2009 at 1:06 p.m. in Economy, PoliticsGuests
Peter Hakim
President, Inter-American Dialogue
Mauricio Cardenas
Senior Fellow at the Brookings Institution,Director of the Latin American Initiative
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