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Latin America’s Dueling Development Banks

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Latin America’s Dueling Development Banks

1 June 2007. Venezuelan President Hugo Chavez proposed a regional development bank in the same March 2007 speech announcing his country’s withdrawal from the World Bank and the International Monetary Fund. Clearly, he hoped the so-called Bank of the South would supersede the two Western-dominated lenders. By Stephanie Hanson.


By  CFR, USA.


Macro Economic policy Resource.