Latin American Reserve Fund
Fonds latinoaméricain de réserve
Fondo Latinoamericano de Reservas (FLAR)
Established Nov 1976, as Andean Reserve Fund (ARF) -- Fonds andin de réserve -- Fondo Andino de Reservas (FAR), by representatives of the governments of Bolivia, Colombia, Ecuador, Peru and Venezuela, in accordance with Article 89 of T-XT6969 - Andean Subregional Integration Agreement (Cartagena Agreement), providing for the creation of a Common Reserve Fund. Establishment followed meetings of Governors of the Central Banks of Cartagena Agreement member countries: 13-14 Feb 1976, Lima (Peru) (when a draft Treaty to establish the Fund was approved); 11 Nov 1976, Caracas (Venezuela) (when the Treaty was adopted). The Treaty was signed by plenipotentiary representatives, 12 Nov 1976, Caracas, and entered into force 8 Jun 1978. In 1987-1988 it was decided that ARF constituted a solid foundation on which to build a financial institution for balance of payments support at the Latin American level. The 'Agreement for the Establishment of the Latin American Reserve Fund', LARF, was signed 10 Jun 1988, Lima, and Articles of said Agreement (transforming ARF into LARF) took effect on 12 Mar 1991. As a consequence, the transformation allowed other Latin-American countries besides those of the Andean Community to become members of LARF. Costa Rica became the 6th member on 30 Mar 1999; Uruguay the 7th on 19 Jun 2007; Paraguay the 8th on 24 Nov 2013. LARF maintains close contacts with the F-XD0055 - Andean Community, with its principal organs and with F-XF0409 - Development Bank of Latin America (CAF). In this context, it is an organ of the F-XF4919 - Sistema Andino de Integración (SAI).
Provide balance of payments assistance to member countries by extending credits or guaranteeing loans from third parties; contribute to harmonization of foreign exchange, monetary and financial policies of member countries by assisting them to fulfil their commitments within the framework of the Cartagena Agreement and the Montevideo Treaty of 1980; improve conditions for the investment of international reserves of member countries.
Events13 past events available with paid subscription only.
ActivitiesAvailable with paid subscription only.
Assembly of Representatives (annual); Board of Directors (meets at least 3 times a year). Committees.
LanguagesAvailable with paid subscription only.
StaffAvailable with paid subscription only.
FinanceAvailable with paid subscription only.
Relations with Inter-Governmental OrganizationsAvailable with paid subscription only.
Relations with Non-Governmental OrganizationsAvailable with paid subscription only.
PublicationsAvailable with paid subscription only.
MembersAvailable with paid subscription only.
Type I ClassificationAvailable with paid subscription only.
Type II ClassificationAvailable with paid subscription only.
Subjects *Available with paid subscription only.
UIA Org ID
** UN SDGs are linked to the subject classification.
← return to your search page to find additional profiles.
UIA allows users to access and make use of the information contained in its Databases for the user’s internal use and evaluation purposes only. A user may not re-package, compile, re-distribute or re-use any or all of the UIA Databases or the data* contained therein without prior permission from the UIA.
Data from database resources may not be extracted or downloaded in bulk using automated scripts or other external software tools not provided within the database resources themselves. If your research project or use of a database resource will involve the extraction of large amounts of text or data from a database resource, please contact us for a customized solution.
UIA reserves the right to block access for abusive use of the Database.
* Data shall mean any data and information available in the Database including but not limited to: raw data, numbers, images, names and contact information, logos, text, keywords, and links.