Venezuela to exit IMF and World Bank

<?xml:namespace prefix = st1 />Caracas, Venezuela. After the summit of the Bolivarian Alternative of the Americas (ALBA), President Hugo Chávez said Venezuela was willing to withdraw from the International Monetary Fund (IMF) and the World Bank. Last month, Venezuela paid off its final debts to the World Bank. Other Latin American countries are also distancing themselves from international lenders. Chavez also announced plans to create a 'Bank of the South' as an alternative lending bank run by South American nations. he has pledged to support it with Venezuela's oil revenues. <?xml:namespace prefix = o />