UNASUR's Bank of the South to Begin Operations in May

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Venezuela’s President Nicolas Maduro announced a May meeting in Buenos Aires with the presidents of the blocs member countries. The Bank of the South, a monetary fund and lending institution originally established by Argentina, Brazil, Paraguay, Uruguay, Ecuador, Bolivia and Venezuela, will begin operations in May, Venezuelan President Nicolas Maduro said late Tuesday.

“It is ready, after so many years, all the organizational architecture, its directors have been appointed, Argentina is going to be the chief and we will begin operations in May in Buenos Aires,” Maduro said.

The Venezuelan leader announced a meeting in Buenos Aires with the presidents of the member countries of the Union of South American (UNASUR) nations. The Bank of the South, or Bancosur, is intended as an alternative to borrowing from institutions like the International Monetary Fund and the World Bank. Bancosur intends lend money to nations in the Americas for social programs and infrastructure projects.

The financial institution, which has been endorsed by Nobel Prize winner and former World Bank economist Joseph Stiglitz, was first proposed in 2009, with the aim of including every state within South America while advancing regional independence and endogenous development in the region.

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"Veterinarian Doctor Day"

On July 21, the National Day of Veterinary is celebrated in Venezuela. This date was chosen during the I Grancolombian Congress of Veterinarian Doctors, event that took place from July 21-28, 1946, in the Andrés Bello High School, in Caracas, Venezuela.

In the afore-mentioned event, representatives from Colombia, Ecuador, Panama and Venezuela discussed several professional, academic and social proposals, and they agreed to celebrate the "Veterinarian Doctor Day" on 21 July of each year; however, today, this day is onlycelebrated in Venezuela.