GEGI: Is FLAR Latin America’s Answer to the IMF?

The Global Economic Governance Initiative (GEGI), a research initiative at the Frederick S. Pardee School of Global Studies at Boston University, hosted a discussion on October 7, 2016 with GEGI Assistant Director William N. Kring on the Latin American Reserve Fund (FLAR), an international financial organization made up of Bolivia, Colombia, Costa Rica, Ecuador,Paraguay, Peru, Uruguay and Venezuela.

FLAR emerged in 1978 as a tool of regional integration designed to support trade within the region between founding members Bolivia, Columbia, Ecuador, Peru and Venezuela. The organization was created as a regional reserve pooling arrangement to lend money in proportion to the capital contributions of member countries.

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GEGI: Is FLAR Latin America’s Answer to the IMF?

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