Bank of the South. An Alternative to IMF-World Bank

29 July 2014 by Eric Toussaint

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CADTM is very pleased to make available to a wide internet public, “Bank of the South” published by Vikas Adhyayan Kendra (VAK) in Mumbai (India) in 2007.

This book is a collection of articles by Eric Toussaint, Damien Millet and Daniel Munevar about the creation of the Bank of the South and the need for a new global financial architecture.

The text has been updated and includes a new contribution from Daniel Munevar on the Brics Bank and the Bank of the South BRICS Bank: Is it an alternative for development finance?.
It may be freely copied by other sites and reproduced for non profit uses. Please clearly indicate the CADTM website as the source (www.cadtm.org). Feel free to send your comments and information on the personal or collective use you make of this book to info at cadtm.org. Your messages will be forwarded to the authors.

Bank of the South An alternative to the IMF World Bank by CADTM

Eric Toussaint is a historian and political scientist, President of the CADTM, member of the International Council of the World Social Forum, author of “Your Money or Your Life! The Tyranny of Global Finance” , “The World bank : A never ending coup d’etat”, co-author of “Le bateau ivre de la mondialisation. Escales au sein du village planétaire” (2000), of “Afrique : abolir la dette pour libérer le développement” (2001).

Author

Eric Toussaint

is a historian and political scientist who completed his Ph.D. at the universities of Paris VIII and Liège, is the spokesperson of the CADTM International, and sits on the Scientific Council of ATTAC France.
He is the author of World Bank: A Critical History, London, Pluto, 2023, Greece 2015: there was an alternative. London: Resistance Books / IIRE / CADTM, 2020 , Debt System (Haymarket books, Chicago, 2019), Bankocracy (2015); The Life and Crimes of an Exemplary Man (2014); Glance in the Rear View Mirror. Neoliberal Ideology From its Origins to the Present, Haymarket books, Chicago, 2012, etc.
See his bibliography: https://en.wikipedia.org/wiki/%C3%89ric_Toussaint
He co-authored World debt figures 2015 with Pierre Gottiniaux, Daniel Munevar and Antonio Sanabria (2015); and with Damien Millet Debt, the IMF, and the World Bank: Sixty Questions, Sixty Answers, Monthly Review Books, New York, 2010. He was the scientific coordinator of the Greek Truth Commission on Public Debt from April 2015 to November 2015.

Translation(s)

Other publications in English :

Who are the CADTM ? What is Illegitimate debt ? An ABC
28 October 2025 - Eric Toussaint, Maxime Perriot
The World Bank A Critical History
3 July 2023 - Eric Toussaint
Africa : the debt trap and how to get out of it
27 March 2023 - CADTM
Greece 2015: There was an alternative
6 October 2020 - Eric Toussaint
Impact of European policies on the Global South and possible alternatives
8 September 2020 - ReCommons Europe

Committee for the Abolition of Illegitimate Debt