I just wanted to share this publication from Clemént Doleac, Research Associate at the Council on Hemispheric Affairs. He does an excellent job introducing the two institutions and placing them in their proper context. Both seek the continued development, trade integration, and promotion of infrastructure projects within Latin America. This would be at the expense of U.S. political and economic influence. It would be a challenge to the orthodox neoliberal policy recommendations and it would diminish the role of the U.S. dollar. SUCRE differs from the Banco del Sur by advocating for a single monetary unit for inter-regional trade, which would eliminate the role for the U.S. dollar as the trade currency. SUCRE also promotes political integration, similar to what has been occurring in the Eurozone.
I will further explore ALBA’s SUCRE and the Banco del Sur. I will probably also make reference to the Brazilian BNDES (Banco Nacional de Desenvolvimento Econômico e Social).