Financial Stability and Development Group

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The main objective of this proposal is to continue promoting regional cooperation on policymaking among central banks in South America, which is supportive of broader integration efforts in the region. Specifically, this TC will support the creation of three regional public goods: (i) maintenance of a dialogue to strengthen coordination among our member central banks. This includes preparing coordinated annual work programs, responding to both demand-driven requests by the Group members and more supply-driven knowledge-based in-house research products, and exchanging views and information via periodic policy dialogue; (ii) promotion of analytical capacity in policy research by stimulating the in-house research capacity of central banks and leveraging it with cross-fertilization and international experts. This will include preparing policy research papers and policy seminars and disseminating their results; and (iii) capacity building on technical matters through training and workshops and the support of bilateral technical assistance among the Group members.