Bank of the South
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The Bank of the South or BancoSur is a monetary fund and lending organization established on 26 September 2009 by Argentina, Brazil, Paraguay, Uruguay, Ecuador, Bolivia and Venezuela with promises of
Rafael Correa, Evo Morales, Néstor Kirchner, Cristina Fernández, Luiz Inácio Lula da Silva, Nicanor Duarte, and Hugo Chávez at the signing of the founding charter of the Bank of the South
Hugo Chávez
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Hugo Rafael Chávez Frías was a Venezuelan politician, revolutionary, and military officer who was the president of Venezuela from 1999 until his death in 2013. Chávez changed the country's name from t
Bank of the South
…traditionally attached to such loans, such as deregulation. The Bank is intended as an alternative to borrowing from the IMF and the World Bank. Hugo Chávez promised to withdraw from the IMF and encouraged other member states to do so as well. Latin America's dependence on the IMF fell dramatically between…
Chávez official portrait, 1999
The San Carlos military stockade, where Chávez was held following the 1992 coup attempt
Chávez speaking at an event in Buenos Aires in October 1995
A painted mural in support of the Fifth Republic Movement (MVR) found in Barcelona, Anzoátegui, Venezuela