Regional financing bodies agree to deepen co-operation

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The senior managers of the three large regional financing arrangements, or RFAs, increased their co-operation as they met in the wings of the International Monetary Fund’s Bali conference.

The European Stability Mechanism, the Fondo Latinoamericano de Reservas (Flar) and the Asean+3 Macroeconomic Research Office (Amro) held their third annual “high-level dialogue”, the ESM announced on October 10. ESM managing director Klaus Regling, Amro director Chang Junhong and Flar executive president José

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