Stocktaking the Fund’s Engagement with Regional Financing Arrangements
Stocktaking the Fund’s Engagement with Regional Financing Arrangements
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Volume/Issue:
Volume 2013
Issue 085
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Business and Economics , Law , Finance , Economics- Macroeconomics , Business and Financial , PP , Fund resource , Fund financing , Fund involvement , IMF-RFA coordination , lending framework , RFA financing vehicle , financial support , Fund coordination , Fund instrument , Fund staff , envisaged role , Global financial crisis of 2008-2009 , Loans , Financial sector stability , Lines of credit , Global , Europe , North America , East Asia
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Summary
Following the global financial crisis of 2008-09, regional financing arrangements (RFAs) have been recognized as an important layer of the global financial safety net. This paper summarizes the current landscape of RFAs, and discusses IMF-RFA coordination to date and options for enhancing cooperation going forward. In so doing, it intends to contribute to discussions underway at international fora and solicit views from the Fund and RFA memberships on how to enhance cooperation
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