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Dominicana_1965
26th February 2007, 19:00
Is it possible to create lets say in Latin America, a bank, like the IMF only it will not be loans, but investment but for the whole Latin America's usage?
Organic Revolution
26th February 2007, 19:29
Explain more please.
Dominicana_1965
26th February 2007, 20:01
Originally posted by Organic [email protected] 26, 2007 07:29 pm
Explain more please.
A Bank to deposit,withdraw. Where any nation can invest and withdraw to build up their economy.
CheRev
26th February 2007, 20:35
Not yet, but they're planning one:

“The perhaps most important agreement was the commitment to launch the Bank of the South within the next four months. Chavez explained that Latin American countries have plenty of financial resources for such a bank, which would provide a regional alternative to the IMF and the World Bank. Argentina and Brazil, for example, have over $150 billion in foreign currency reserves, a portion of which could be used for this bank, said Chavez.“

From this article:
http://www.venezuelanalysis.com/news.php?newsno=2225