Bank of the South
Banque du sud
Banco del Sur
2007-12-10 Buenos Aires Argentina
10 Dec 2007, Buenos Aires (Argentina), on the initiative of Venezuelan President Hugo Chavez, to provide an alternative to borrowing from F-XF1069 - Inter-American Development Bank (IDB), F-XF2266 - International Monetary Fund (IMF) and F-XF1393 - International Bank for Reconstruction and Development (IBRD) (World Bank). Expected to come within D-XJ4435 - Union of South American Nations.
Serve as a multilateral financial institution free of non-regional shareholder veto power over projects and policies.
Secretariat in Caracas (Venezuela).
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UN Sustainable Development Goals **
UIA Org ID
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