Transforming the Global Economy: A Key Role for the IFIs

... particular, the sum of all of the resources of regional development banks is notably above those of the World Bank, while the sum of the resources of the Regional Financial Arrangements (RFAs) exceeds the resources of the International Monetary Fund (IMF). Incorporating the stimulus regional IFIs into the package of global anti-crisis measures will enable the world community to make a full use of all of the potential resources of the Global Financial Safety Net (GFSN). Thus far, however, there is clearly a lack of coordination among the regional integration arrangements and their development institutions. In particular, insufficient horizontal coordination among the regional integration arrangements and regional ...