The Contemporary Financial Architecture in Latin America

The regional financial architecture of Latin America is in the focus of this article, from the author’s point of view. There are intergovernmental and hybrid multilateral financial institutions which provide finance within official development assistance. IADB, CDB and CABEI present the first type of financing, while BLADEX and CAF are cofinancing type in discussion. Hence, their practices and credit portfolios are analyzed to emphasis specific. The Latin America Reserve Fund (FLAR) has been created to cushion liquidity in case of sudden stops in capital flows and trade deficit