Union of South American Nations experience different levels of privations arriving, in extreme cases, to the absolute poverty. However, it is necessary to emphasize that poverty in South America has been reduced in a surprising way, especially in the Southern Cone and North of South America. Today, thanks to the development of many South American nations, it has allowed the world, their eyes on some governments, even forming part of economic blocs like G20 and BRICS. Although this reality is common to the entire South American group, the countries of the so-called Southern Cone (Argentina, southern Brazil, Chile, and Uruguay) present more positive socioeconomic data
Union of South American Nations Sur, Dutch: Bank van het Zuiden, English: Bank of the South) will establish monetary policy and finance development projects. One of the objectives of monetary union is to establish a Single South American currency. Support for the creation of this currency was provided in January 2007 by Peruvian President Alan García, and other South American authorities expressed themselves in favor, as Bolivian President Evo Morales in April of that year, who proposed that the currency Only one denominated "Pacha" ("earth" in Quechua language), however, except for the right of each country to suggest a name for the common currency. The