Banco del Libro is a non-profit organization

Non-profit organization

Nonprofit organization is neither a legal nor technical definition but generally refers to an organization that uses surplus revenues to achieve its goals, rather than distributing them as profit or dividends...

 for the promotion of children’s literature. The organization is headquartered in Caracas

Caracas

Caracas , officially Santiago de León de Caracas, is the capital and largest city of Venezuela; natives or residents are known as Caraquenians in English . It is located in the northern part of the country, following the contours of the narrow Caracas Valley on the Venezuelan coastal mountain range...

, Venezuela

Venezuela

Venezuela , officially called the Bolivarian Republic of Venezuela , is a tropical country on the northern coast of South America. It borders Colombia to the west, Guyana to the east, and Brazil to the south...

 and dates back to 1960, when a centre was set up for the exchange of textbooks – hence the name Banco del Libro (Book Bank). Since then, Banco del Libro has grown and branched out to promote reading in Venezuela, in every conceivable arena and genre of children’s literature.

Awards

• IBBY's
  International Board on Books for Young People
  The International Board on Books for Young People is a non-profit organization based in Switzerland committed to bringing books and children together.-History:...
  
   Reading Promotion Award 1988.
• IFLA's
  International Federation of Library Associations and Institutions
  The International Federation of Library Associations and Institutions is the leading international association of library organisations. It is the global voice of the library and information profession, and its annual conference provides a venue for librarians to learn from one another...
  
   Guust van Wesemael Prize 2003.
• Astrid Lindgren Memorial Award
  Astrid Lindgren Memorial Award
  The Astrid Lindgren Memorial Award is an international children's literature award, established by the Swedish government in 2002 in honour of the Swedish children's books writer Astrid Lindgren...
  
   2007.