Everything Everywhere All at Once: Revamping The ASEAN+3 RFA’s Lending Toolkit
The underutilization of CMIM facilities during recent crises highlights the need to reevaluate the effectiveness of ASEAN+3 region’s financial safety net.
The underutilization of CMIM facilities during recent crises highlights the need to reevaluate the effectiveness of ASEAN+3 region’s financial safety net.
Argentina first established its bilateral swap agreement (BSA) with China in 2009 to provide a liquidity line of up to ARS38 billion or CNY70 billion (about USD10.3 billion).
The Chiang Mai Initiative Multilateralisation (CMIM) is the regional safety net of the ASEAN+3 region.
Being one of the largest RFAs in the world, the CMIM, with a lending capacity of $240 billion, has undergone continued improvements over the past decade.
Presentation on the Enhancing CMIM-Regional Financial Safety Net Against Crisis at the ESCAP Export Group Meeting.
Presentation for the ASEAN+3 Region: Resilience amid Rising External Headwinds.