The BCRA in MERCOSUR
The BCRA participates in various regional integration forums within the framework of MERCOSUR. Its participation primarily focuses on macroeconomic coordination mechanisms and technical forums related to financial integration, regulatory harmonization, and the exchange of information among Member States.
These forums help strengthen the dialogue among economic, monetary, and supervisory authorities, while also contributing to the monitoring of issues of common interest related to financial stability and the development of financial services in the region.
Among other forums, the BCRA participates through the Meeting of Ministers of Economy and Central Bank Governors, the Macroeconomic Monitoring Group (GMM), and Working Subgroup No. 4 “Financial Affairs” (SGT-4).
Economic coordination mechanisms
Meeting of Ministers of Economy and Central Bank Governors (RMEPBC)
The Governor of the BCRA takes part in MERCOSUR’s Meeting of Ministers of Economy and Central Bank Governors (RMEPBC).
Held in advance of the MERCOSUR Summit, the meeting enables the economic and monetary authorities of Member States to exchange views on global economic developments and on the conditions in their respective countries. It also provides a forum for evaluating joint initiatives aimed at fostering economic activity, enhancing regional coordination, and expanding intra-bloc trade.
Macroeconomic Monitoring Group (GMM)
Financial MERCOSUR
The BCRA participates in MERCOSUR’s Working Subgroup No. 4 “Financial Affairs” (SGT-4), a technical forum comprising representatives of the central banks and the authorities responsible for the regulation and supervision of financial services in Member States. The goal of SGT-4 is to foster deeper regional financial integration and further progress toward the creation of a common market for financial services.
Within SGT-4, the BCRA participates in the following technical forums: National Coordination, Banking System Committee, Submission of Banks’ Financial Statements Committee, Anti-Money Laundering and Counter-Terrorist Financing Committee, and Cross-Border Payment Systems Committee. In addition, SGT-4 includes the Insurance Committee and the Securities Committee, with representatives from the Superintendence of Insurance and the National Securities Commission, respectively.
Documents and related sites
- – Official information on Working Subgroup No. 4 “Financial Affairs”
- – Official information on the Macroeconomic Monitoring Group
- – Official documents of MERCOSUR
- – Local Currency Payment System (SML)
- – Agreement on Reciprocal Payments and Credit of the Latin American Integration Association (ALADI)