The Africa South America Summit 27-28 September 2009

The document analyzes the second Africa South America summit held on 27-28 September 2009 on Margarita Island, Venezuela, focusing on efforts to strengthen South-South co-operation as a counterweight to Northern influence and the ideological divisions among participating nations.

• The second Africa South America summit, themed "Closing-Gaps, Opening-Up Opportunities," took place on 27 and 28 September 2009 on Margarita Island in Venezuela, attended by twenty African heads of state and eight South American counterparts.
• A key outcome of the summit was the formalization of the Bank of the South, an institution intended to reduce the influence of Northern-controlled financial bodies like the World Bank and the International Monetary Fund. The bank will be funded by Brazil, Venezuela, and other South American nations, with offices located in La Paz, Buenos Aires, and Caracas.
• The summit featured several initiatives driven by the Venezuelan socialist agenda, including the establishment of a Caracas-based Radio of the South and the signing of memoranda of understanding for joint mining ventures between Venezuela and five African nations: Mauritania, Niger, Namibia, Mali, and Sierra Leone.
• Bilateral commercial exchanges between Africa and South America grew significantly from $6 billion six years prior to the 2009 summit to over $36 billion following the first summit in Abuja, Nigeria, in November 2006.
• The summit revealed ideological splits among South American participants; while Bolivia and Ecuador supported the "anti-imperialist" rhetoric of Venezuela, Colombia and Peru did not attend. Brazil and Argentina adopted a more nuanced approach, and South Africa aligned itself with the Brazilian perspective rather than anti-Northern diatribes.

APA

South African Institute of International Affairs (2009). The Africa South America Summit 27-28 September 2009. https://saiia.org.za/research/the-africa-south-america-summit-27-28-september-2009/

Chicago

South African Institute of International Affairs. The Africa South America Summit 27-28 September 2009. 2009. https://saiia.org.za/research/the-africa-south-america-summit-27-28-september-2009/.

Wikipedia

{{cite report |author=South African Institute of International Affairs |title=The Africa South America Summit 27-28 September 2009 |date=30 September 2009 |url=https://saiia.org.za/research/the-africa-south-america-summit-27-28-september-2009/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{southafricaninstituteofinternationalaffairs2009africa, author = {{South African Institute of International Affairs}}, title = {{The Africa South America Summit 27-28 September 2009}}, institution = {South African Institute of International Affairs}, year = {2009}, month = sep, url = {https://saiia.org.za/research/the-africa-south-america-summit-27-28-september-2009/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }