DMPQ- The BRICS Contingent Reserve Arrangement (CRA)

The BRICS Contingent Reserve Arrangement (CRA) is a framework for providing protection against global liquidity pressures. This includes currency issues where members’ national currencies are being adversely affected by global financial pressures. It is found that emerging economies that experienced rapid economic liberalization went through increased economic volatility, bringing uncertain macroeconomic environment. The CRA is generally seen as a competitor to the International Monetary Fund (IMF) and along with the New Development Bank is viewed as an example of increasing South-South cooperation. It was established in 2015 by the BRICS countries. The legal basis is formed by the Treaty for the Establishment of a BRICS Contingent Reserve Arrangement, signed at Fortaleza, Brazil on 15 July 2014. With its inaugural meetings of the BRICS CRA Governing Council and Standing Committee, held on September 4, 2015, in Ankara, Turkey it entered into force upon ratification by all BRICS states, announced at the 7th BRICS summit in July 2015.

RAS-RTS FREE Notes brings Prelims and Mains programs for RAS-RTS FREE Prelims and RAS-RTS FREE Mains Exam preparation. Various Programs initiated by RAS-RTS FREE Notes are as follows:- For any doubt, Just leave us a Chat or Fill us a querry––

Android App for RAS Prelims and Mains 

-Rajasthan GK (History, Geography, Economy and Polity)
-RAS Prelims Notes
-RAS Current Affairs
-Daily Mains Practice Questions (DMPQ)
-Daily Prelims Practice Questions (DPPQ)
-Mains Topic wise Notes for All RAS GS Papers

Install Now on

Subscribe to RAS Free Notes

Never Miss any RAS important update!

Join 9,419 other subscribers