Fondo Centroamericano de Estabilización Monetaria (FOCEM)

Central American Monetary Stabilization Fund (CAMSF)
Fonds centroaméricain de stabilisation monétaire

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1 Oct 1969. Structure and organization part of E-XE5976 - Central American Monetary Council since 22 Jan 1999. First set up on signature by heads of the 5 Central American Central Banks of 'Agreement for the Central American Monetary Stabilization Fund', which entered into force, 2 Jan 1970, after ratification by the Boards of Directors of the respective Central Banks. This Agreement was replaced by T-XT7465 - Central American Monetary Agreement, effective 25 Dec 1974, which was amended on 22 Jan 1999. Credit operations of the Fund terminated in Nov 1996, when a process adjusting its scope was agreed by CMCA which is responsible for its general direction and supervision of its activities and operations. Closed down Dec 1996.


Act as a mechanism of administrative financing.


Executive Secretary of CMCA is responsible for general administration and for carrying out the transactions. Bank of Guatemala (Guatemala) is the financial agent.


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