The money network:

The money network:

Why crowdfunding threatens traditional bank lending

China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

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Skip Navigation LinksHome :: Just what is the point of Banco del Sur?

February 2008

Just what is the point of Banco del Sur?


Does Latin America really need a new multilateral lender? Do Latin countries need more funding, and might not Banco del Sur hinder local capital markets’ growth?


In December, the presidents of Argentina, Bolivia, Brazil, Ecuador, Paraguay and Venezuela stood before their national flags in Buenos Aires and signed the founding charter of the Banco del Sur, the “Bank of the South”. The new bank aims to lend money to its member nations for social and infrastructure projects, with each member giving $1.4 billion from its currency reserves to the bank in coming weeks.

The finance ministers in the region announced in May 2007 that...


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