The GFSN is the set of institutions and instruments that offer precautionary insurance against crises, provide international liquidity when they occur, and encourage good macroeconomic policy practices. The network consists of four components: i) international reserves, national component; ii) bilateral swap agreements between central banks, bilateral mechanism; iii) Regional Financing Arrangements (RFAs), regional component; and (iv) the International Monetary Fund (IMF), global mechanism and GFSN center.
Participación de funcionarios en seminarios organizados por cada institución, talleres conjuntos y reuniones entre autoridades y técnicos tanto a nivel bilateral como multilateral en temas de interés común.
Gita Gopinath
Economic Counsellor and Director of the Research Department IMF
Entrevista con el FLAR, en el marco de la Conferencia Anual de Estudios Económicos
RFAs are mechanisms or agreements by means of which a group of members or countries mutually commit to provide financial support whenever they experience or may face financial difficulties.
4th Regional Financing Arrangements Research Seminar
Held virtually on December 16 and 17, 2020.
2nd High-Level RFA Dialogue
Held virtually on September 24, 2021.
3rd High-level RFA Dialogue
Held virtually on September 24, 2021.
4th High-Level Regional Financing Arrangements (RFA) Dialogue
Held virtually on December 16 and 17, 2020.
5th High-Level Regional Financing Arrangements (RFA) Dialogue
Held virtually on September 24, 2021.
8th High-Level Regional Financing Arrangements (RFA) Dialogue
Held on 10 October 2023
in Marrakesh
The 1st Joint Regional Financing Arrangements (RFAs) Research Seminar
Held on September 7, 2017 in Singapur.
The 2nd Joint Regional Financing Arrangement (RFA) Research Seminar
Held on May 17 and 18, 2018 in Cartagena de Indias.
3rd Joint Regional Financing Arrangements Research Seminar Discusses Sovereign Risk
Held on May 16, 2019 in Luxemburg.
4th Regional Financing Arrangements Research Seminar
Held virtually on December 16 and 17, 2020.
FLAR co-organizes the 5th Regional Financing Arrangements Research Seminar together with ESM and AMRO
Held virtually on September 24, 2021.
6th Research Seminar on Regional Financial Agreements
Held virtually on May 17 and 18, 2022.
7th Joint Regional Financing Arrangements Research Seminar
Held on May 25 and 26, 2023 in Cartagena de Indias.
Regional perspectives on the economic impact of a double shock: Asia, Europe, Latin America
May 19, 2022
FLAR Blog | Regions across the globe have been facing a double-shock as the pandemic triggered a demand shock and supply disruptions while economies were recovering.
Besides FLAR, the other RFA’s are the following: The Arab Monetary Fund; Brazil, Russia, India, China and South Africa (BRICS); the Chiang-Mai Initiative1; the Eurasian Fund for Stabilization and Development (EFSD); the European Union’s Balance of Payments (BoP) Assistance Facility; the European Stability Mechanism (ESM); and the North American Financial Agreement.
1/ The ASEAN + 3 Macroeconomic Research Office (AMRO) operates as a surveillance unit, independent from the Chiang-Mai initiative
FLAR contributes to the well-being of Latin America and the Caribbean by promoting macroeconomic and financial stability in the region.
