“The reserve fund will provide liquidity support to member countries in response to short-term balance of payments problems.”   Source: The BRICS Post June 14, 2015, 5:55 am BRICS central banks experts are holding a two-day meet for drafting an operating agreement on the BRICS Contingency Reserve Arrangement (CRA) this weekend. Officials from the five BRICS countries are meeting … Continue reading BRICS Central Bank experts meet in Turkey to finalise joint Monetary Fund