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.

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