The formal establishment of the South Bank of the seven countries on 10 December -2007 10 27 website - fruit fruit Dad ...

 Want to get rid of the IMF and World Bank loans? Nada] on 2007-12-11 12:25:20 ribs affixed to the stock joke 』『 ↑ Bank of the South into the lady's blog was established December 10, 2007 10:27 Xinhua Argentina, Brazil, Paraguay, Bolivia, Ecuador and Venezuela, the leaders of 9 in Buenos Aires, signed an agreement declaring the establishment of the South Bank. The day of the establishment of the Presidents of the paper on the South Bank signature. In addition, the Basque President of Uruguay attended the signing ceremony Spirax, he arrived in Argentina later in the papers. The establishment of the South Bank of the South American countries will facilitate the financing to emerge from the International Monetary The IMF and the World Bank by providing loans to these countries imposed economic impact of decision-making process. Brazilian President Lula said that the establishment of the Southern Common Bank is an important result of the integration process in Latin America. Latin American countries is only to strengthen unity in the international arena to have a greater voice. He called for more South American countries to join the South Bank. proponent of the South Bank, one of Venezuela's President Hugo Chavez said, the establishment of the South Bank of the South American countries to achieve economic independence and development strategy, it can help South American countries out of economic dependence on developed countries. He also initiatives to overcome the difficulties in South American countries, strengthen unity, and actively promote the development of the South Bank. the establishment of the South Bank of the documents signed, the country's economic and finance ministers will be determined in two months the south bank of the operating principles, including the specific amount of contribution of Member States and the size of the right to vote. According to the agreement, the South Bank will be headquartered in Caracas, and Buenos Aires and Bolivia administrative capital La Paz to establish two divisions. South Bank's top decision-making body of the Management Committee, whose members will be Minister of States as the financial and economic. South Bank start-up capital of 70 billion U.S. dollars, if the smooth start-up funding in place, next year the beginning of the first loan to be paid. Venezuelan President Hugo Chavez and Argentine President Nestor Kirchner in 2006 proposed the establishment of the South Bank of the idea of a positive response by South American countries. Ecuador, Bolivia, Paraguay, Uruguay and Brazil have agreed. After several rounds of negotiations in October this year, Rio de Janeiro, Brazil, South American countries, meeting of finance ministers formally adopted the establishment of the South Bank of the agreement.