Joint IMF-Regional Financing Arrangements Press Release on the 10th High-level RFA Dialogue
IMF News, October 14, 2025
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Bibliographic details
- Published: October 14, 2025
Overview and context
- Event: 10th Annual High-Level Dialogue between Regional Financing Arrangements (RFAs) and the International Monetary Fund (IMF).
- Date of event: 14 October 2025.
- Press Release No.: 25/343.
- Since inception: Dialogue began in 2016; ten years of cooperation have deepened institutional ties and coordination across layers of the Global Financial Safety Net (GFSN).
- Macroeconomic backdrop described: prolonged uncertainty, limited policy space for many economies, weak medium-term growth prospects, and transformative forces including digital technologies and artificial intelligence, demographic shifts, and climate transitions.
Participants and contributions
- Convenors/participants included:
- IMF
- International Financial Architecture G20 Working Group
- RFAs: the Arab Monetary Fund; the ASEAN+3 Macroeconomic Research Office cum the Chiang Mai Initiative Multilateralisation; the BRICS Contingent Reserve Arrangement; the Eurasian Fund for Stabilization and Development; the European Commission; the European Stability Mechanism; the Latin American Reserve Fund.
- Key speakers:
- IMF Managing Director Kristalina Georgieva — reaffirmed the Fund’s role at the centre of the GFSN and stressed close cooperation between the IMF and RFAs to safeguard economic stability, promote crisis prevention, and provide a more effective shield against crises.
- Pablo Hernández de Cos, General Manager of the Bank for International Settlements — keynote address focused on the role of international reserves and the effectiveness of central bank currency reserves swap lines.
- IMF staff presentation — latest assessment of the GFSN evaluating performance, identifying strengths, and proposing areas for improvement.
Main findings and assessments
- Institutional and policy observations:
- Cooperation over the past decade has deepened institutional ties between RFAs and the IMF.
- Stronger coordination between layers of the GFSN can strengthen financial resilience and support member economies in navigating future crises.
- The IMF provided an assessment of the GFSN that evaluated performance, identified strengths, and proposed areas for improvement (specific assessment details not provided on the page).
Commitments, outcomes, and next steps
- Reinforced commitments:
- RFAs and the IMF reaffirmed shared commitment to cooperation, solidarity, and readiness to meet future challenges.
- Emphasis on multilateralism as critical amid ongoing international economic shifts.
- Announced future events:
- The 10th Joint RFA Research Seminar will be held in Abu Dhabi in the first half of 2026.
- The 11th High-level RFA Dialogue will be convened at the margins of the next IMF/World Bank Annual Meetings in Bangkok in October 2026.
Media and contact information
- Publication date of press release: October 14, 2025.
- Issuer: IMF Communications Department, MEDIA RELATIONS.
- PRESS OFFICER: Randa Elnagar
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
- Twitter/handle referenced: @IMFSpokesperson
- Email notification option noted for IMF website updates (sign-up invitation referenced on the page).
Source: IMF press release dated October 14, 2025 (Press Release No. 25/343).