Study Analyzes the Viability of Expanding the Latin American Reserve Fund to Other Countries in the Region

A new study by the Economic Commission for Latin America and the Caribbean (ECLAC), entitled A regional reserve fund for Latin America, analyzes the viability of expanding the Latin American Reserve Fund (FLAR) to five more of the region's countries: Argentina, Brazil, Chile, Mexico and Paraguay. In September, however, Paraguay was incorporated into the FLAR, whose other members include Bolivia, Colombia, Costa Rica, Ecuador, Peru, Uruguay and Venezuela. Founded in 1978, the FLAR is the only regional fund of Latin American reserves and it was formed as an organization in which members mak…