Article
Nueva arquitectura financiera para el desarrollo en América Latina y Ecuador
Fecha
2011-06-30Autor
Legeard, Nathanaël
Institución
Resumen
In the face of the failures or limitations of the current world financial structure (FMI, World Bank, WTO)
and regional (CAF, ALADI, FLAR), several South American countries are formulating proposals and implementing monetary and financial reforms for the construction of a New Regional Financial Architecture
(NAFR). As it’s currently developed, the NAFR comprises: Banco del Sur (development bank), Fondo Común de Reservas del Sur (funds for monetary stability) and the Sistema Único de Compensación de pagos(trade organization). The main target is to achieve a greater economic and financial autonomy to promote a better sustaninable development and regional integration. Ecaudor develops specific initiatives in this direction.