21 Sep 2010

UN / EVO MORALES

Bolivian President Evo Morales describes plans for a "Bank of the South" and tells journalists that capitalism is no longer a solution "even for capitalist countries."

Posted at: September 21, 2010 4:26 pm

Duration: 01:50

Available in: SD

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STORY: UN / EVO MORALES
SOURCE: UNTV
TRT: 1.50
RESTRICTIONS: NONE
LANGUAGE: SPANISH/ NATS

DATELINE: 21 SEPTEMBER 2010, NEW YORK CITY/ FILE

SHOTLIST:

FILE – RECENT, NEW YORK CITY

1.	Zoom out, exterior UN building

21 SEPTEMBER 2010, NEW YORK CITY

2.	Wide shot, dais
3.	Med shot, reporters
4.	SOUNDBITE (Spanish) Evo Morales Ayma, President of Bolivia:
"You are aware that in South America we are gestating the Bank of the South, but of South America. Now we are going much further; a World Bank of the South, where a certain percentage – to be defined if this proposal advances – a certain percentage of our international reserves goes to this World Bank of the South. And from there to start regulating, I mean, start combating that some regional banks and international banks, such as the International Monetary fund, continue to extort us and end that sort of financial extortion." 
5.	Med shot, reporters
6.	SOUNDBITE (Spanish) Evo Morales Ayma, President of Bolivia:
"Capitalism is not a solution, not even for capitalist countries. If capitalism is not a solution for the countries of the world, capitalism is not a solution for life and humanity. I share this proposal and after these debates we must come up with ways to change these financial policies in the world."
7.	Med shot, reporters
8.	SOUNDBITE (Spanish) Evo Morales Ayma, President of Bolivia:
"Through our foreign office we have been working to improve relations. I seemed that there was a new framework for cooperation. We try, we insist, but it is not possible. I truly thought that a black man and an Indian could have made a good team to work towards life and humanity in the world. I think it's been difficult. Thank you very much."
9.	Various shots, end of meeting

STORYLINE:

Bolivian President Evo Morales Ayma briefed journalists today (21 September), on the second day of a three-day summit at United Nations Headquarters in New York on the Millennium Development Goals (MDG's).

Morales expanded on his proposal for a World Bank of the South, which he said takes the idea of a South American Bank of the South, currently in the works, "much further". He explained that this bank, which would include South American, African and Asian member nations, would be capitalized with "a certain percentage" of these countries' international reserves.

The World Bank of the South would "start combating" institutions such as the International Monetary fund, which he said, "continue to extort us".

The Bolivian leader stressed that "capitalism is not a solution, not even for capitalist countries" and said that after some debate leaders of the South, "must come up with ways to change these financial policies in the world."

Asked about current relations with the United States, he said that through its foreign office Bolivia has "been working to improve relations" and pointed out that he had hoped that "a black man and an Indian could have made a good team" but this has proven to be "difficult".