## Joint IMF-Regional Financing Arrangements Press Release on the 10th High-level RFA Dialogue

_IMF News, October 14, 2025_

## Source details

**Canonical URL:** [Joint IMF-Regional Financing Arrangements Press Release on the 10th High-level RFA Dialogue](https://www.imf.org/en/news/articles/2025/10/13/pr-25343-joint-imf-reg-fin-arrange-press-release-on-10th-high-level-rfa-dialogue)

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## Bibliographic details
- Published: October 14, 2025

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### 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).*

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_Source: https://www.imf.org/en/news/articles/2025/10/13/pr-25343-joint-imf-reg-fin-arrange-press-release-on-10th-high-level-rfa-dialogue_