South America opening new regional bank/Banco del Sur, ¿realidad o utopía?

South American representatives are preparing to open a new regional bank that will supersede the World Bank and International Monetary Fund. The BBC reported Sunday that the new Southern Bank will support economic and social projects throughout the region thanks to funding from countries like Argentina, Brazil and Venezuela. Economists said that the bank, which will operate out of the Venezuelan city of Caracas, was necessary after a series of failed moves by IMF and World Bank officials (full information)/ Mandatarios sudamericanos firmarán este domingo en Buenos Aires el acta fundacional del Banco del Sur, un organismo de crédito regional que se presenta como una alternativa al Fondo Monetario Internacional (FMI) y al Banco Mundial (BM) ( información completa)