Venezuela to House Bank
of the South
The process for the
creation of the Bank of
the South is a priority
in the Venezuelan
financial agenda,
supported in the
decision that the
multinational
institution will be
headquartered in this
capital.
Venezuelan President
Hugo Chavez revealed
Caracas was confirmed as
the headquarters of the
future entity, which
came out in the new
South American
integration context.
The president announced
the finance ministers of
the Bank's future member
countries were convened
to meet in coming days
to define the technical
details.
Such actions, along with
projects like TELESUR,
the University of the
South, and the Grand Gas
Pipeline of the South
are part of the current
panorama in the region,
where the change in the
correlation of forces is
happening, Chavez
sustained.
Referring to the issue,
Venezuelan Finance
Minister Rodrigo Cabezas
recently stated that the
future institution will
bolster actions “to
reduce asymmetries among
our peoples.”
Venezuela, Ecuador,
Argentina, and Bolivia
will take part in the
project, with Brazil
likely to join later. |
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