CRA

E161615

CRA is a financial safety net mechanism among BRICS countries designed to provide liquidity support and protect members against short-term balance of payments pressures.

All labels observed (1)

Label Occurrences
CRA canonical 1

How this entity was disambiguated

Statements (35)

Predicate Object
instanceOf contingent reserve arrangement ⓘ
financial safety net mechanism ⓘ
aimsTo reduce reliance on external financial safety nets ⓘ
strengthen financial cooperation among BRICS members ⓘ
beneficiary BRICS member facing short-term balance of payments pressure ⓘ
cooperatesWith finance ministries of BRICS countries ⓘ
national central banks of BRICS countries ⓘ
currency primarily denominated in US dollars ⓘ
designedFor liquidity support ⓘ
protection against short-term balance of payments pressures ⓘ
feature crisis-time liquidity support ⓘ
precautionary liquidity support ⓘ
focus crisis mitigation ⓘ
crisis prevention ⓘ
fullName Contingent Reserve Arrangement ⓘ
governedBy intergovernmental agreement among BRICS members ⓘ
hasParticipant Brazil ⓘ
China ⓘ
India ⓘ
Russia ⓘ
South Africa ⓘ
mechanismType liquidity line among member countries ⓘ
reserve pooling arrangement ⓘ
memberOf BRICS framework ⓘ
policyArea international monetary cooperation ⓘ
regional financial integration ⓘ
purpose complement existing global financial safety nets ⓘ
provide financial stability support to BRICS members ⓘ
region BRICS countries ⓘ
linked to: BRICS
relatedConcept Chiang Mai Initiative Multilateralisation ⓘ
International Monetary Fund ⓘ
relatedTo BRICS New Development Bank ⓘ
sector international finance ⓘ
supports balance of payments stability ⓘ
macroeconomic stability in BRICS countries ⓘ

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.