Chavez Proposes Creation Of 'Bank Of The South'

Coming down heavily against international financial institutions, the Venezuelan President, well-known for his anti-US views, said "we don't accept the kind of development the World Bank or International Monetary Fund wants to push on us to change our hopes, our souls and our pain." Cuban First Vice-President, Raul Castro, who is presiding over the NAM conference, said the Summit leadership and the delegations is likely to discuss the concept of 'Bank of the South'. http://www.hindu.com/thehindu/holnus/003200609170318.htm To bad there isn't an "Ideas" category

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