Abstract:
This article is part of the broader theme of regional integration in South America, from the second half of the 2000s onwards. The object of study is the Bank of the South, which was launched as an important financial cooperation mechanism and went through a long process of creation before finally starting its operations in June 2013. Specifically, on one hand, we detach the efforts made towards the strengthening and creation of financial cooperation mechanisms, in the wake of a new trait in the process of integration between the countries of South America, opposing the integrationist projects at previous periods, predominantly liberal in nature. On the other hand, we emphasize the difficulties inherent in this process, related to different strategic perspectives of external policy for South America, led by Venezuela and Brazil. This resulted in divergent regional financial projects for South America, ending in a long and complex negotiation process for the creation of the Bank of the South.
Keywords:
South America; Bank of South; regional integration; financial integration; foreign policy
