The influence of the International Finance Institutions liberal policies in Latin America

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The paper explores the criticism directed at International Finance Institutions, particularly by Latin American leaders like Hugo Chávez, who denounce their policies as detrimental to the region. It highlights the establishment of the Banco del Sur, a new development bank created by Venezuela and six other Latin American nations, as a response to the perceived failures of the IMF and World Bank. The analysis reflects on the socio-economic impact of these institutions and the emerging alternatives in Latin American financial governance.