A New proposal for the Bank of South

Daniel Munevar and Marcos Teixeira Reis ()
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Daniel Munevar: School of Public Affairs, University of Texas at Austin

No 2015_08, Documentos de Trabajo CEPROEC from Instituto de Altos Estudios Nacionales, Centro de Prospectiva Estratégica

Abstract: This paper seeks to discuss a proposal regarding a new multilateral institution in Latin America, the Bank of South. It presents the original plan of the Bank, made in 2007 and its recent developments stressing the problems faced during its implementation. It concludes presenting a new proposal for the bank to make it better suited to foster the commercial and financial integration of its members. Instead of a standard Multilateral Development Bank as in the current proposal, the authors propose a radically different design for the Bank: National branches making loans in their local currency to SMEs engaged in regional trade. The activities of the national branches of the Bank of South would be supported by private financial institutions, which would undertake the risk assessment process, and by the respective central bank, which would re-discount or securitize the loans provided by the bank.

Keywords: Bank of South; Multilateral Development Bank; Integration of Latin America (search for similar items in EconPapers)
JEL-codes: F02 F36 F63 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2015-12
New Economics Papers: this item is included in nep-pke
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Persistent link: https://EconPapers.repec.org/RePEc:cpe:cpewps:2015_08

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