Launch of World Bank competitor postponed


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Bank_of_south_map Business News Americas, a subscription-based news service, reports that the launch of Banco del Sur – a new development bank for South America – will be delayed for another month.

The inauguration, which had been rescheduled for tomorrow from the original June 2007 date, will now take place on December 5.

Some folks at the Inter-American Development Bank, its closest rival, think Banco del Sur might go… south.

Join the Conversation

Stella D'Argento
November 02, 2007

Some people at the IADB (and this obscure blog) are engaging in hopeless wishful thinking.

Surely it wasn't brought on by their OWN flagging fortunes and waning reputation, was it?

matheus pitzer
November 03, 2007

The openig o debut of el Banco del sur has been re-schuduled due to refendum elections on dec 2.

that"s righ it will go all the way south like a rap song brothers.

coming soon- rated $


November 02, 2007

Ok, one: the World Bank has a “private sector development blog”, which is retarded. And two: they seem pretty happy to hear that the opening of the Bank of the South has been postponed a month. As our reader-contact writes,...