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
surface form: BRICS countries
relatedConcept Chiang Mai Initiative Multilateralisation
International Monetary Fund
relatedTo New Development Bank
surface form: 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.