The initiative to create the Southern Bank as a "financial alternative for the economic recovery and integration of South American countries", was originally fuelled by president Hugo Chávez, of Venezuela, and Néstor Kirchner, of Argentina. The presidents of Ecuador, Bolivia, Paraguay and Brazil eventually added their support, although they have different ideas about what should be done by this Bank. Would Latin America have found an alternative to the International Monetary Fund (IMF), the World Bank and the Inter-American Development Bank (IDB)?
http://ifis.choike.org/informes/598.htmll
http://ifis.choike.org/informes/598.htmll

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