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Rosales, Antulio; Furio, Victoria J.
Latin American perspectives, 09/2013, Volume: 40, Issue: 5Journal Article
The proposal of a Banco del Sur began to be discussed in 2007 and generated important debates about the need to establish a new regional financial architecture. These discussions resulted in consensus about the importance of financing development at the regional level. An analysis of the positions and development visions of four key states—Argentina, Brazil, Venezuela, and Ecuador— in the negotiations for the establishment of the Banco del Sur and their implications for its design reveals important differences about its purpose—whether it should be the center of an institutional network aimed at the construction of a new regional financial architecture or simply a development bank. La posibilidad de un Banco del Sur se comenzó a discutir en 2007 y generó importantes debates sobre la necesidad de establecer una nueva arquitectura financiera regional. Estas discusiones dieron lugar a un consenso sobre la importancia de financiar el desarrollo a nivel regional. Un análisis de las posiciones y visiones de desarrollo de cuatro naciones clave (Argentina, Brasil, Venezuela y Ecuador) en las negociaciones para el establecimiento del Banco del Sur y sus implicaciones en dicho proyecto revelan importantes divergencias sobre su presunto propósito: ¿debe ser el centro de una red institucional destinada a la construcción de una nueva arquitectura financiera regional o simplemente un banco de desarrollo?
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