The forums of technical cooperation are supportive vehicles of CEMLA to assist, in a regional and permanent fashion, Latin American and Caribbean central banks in deepening the knowledge of monetary and financial issues that are relevant for their functions and policy goals.
Throughout these forums, CEMLA coordinates the debate of topics and issues of common concern for its Associated Members. The forums are generally conducted by CEMLA and count with the support of international organizations and other Collaborating Members.
Presently, the Center conducts two forums of technical cooperation, the Financial Information Forum and the Western Hemisphere Payments and Securities Settlement Forum, the latter conducted in partnership with The World Bank.
Since January 1999 CEMLA has been acting as the Secretariat of the Western Hemisphere Payments and Securities Clearance and Settlement Initiative, which in its first years was led by the World Bank. This Initiative was launched following a request from the Western Hemisphere Finance Ministers and its objective is to describe and assess the Latin American and the Caribbean payments systems with a view to identifying possible improvement measures in their safety, efficiency and integrity.
The Initiative has undertaken a number of activities including the preparation of public reports containing a systematic in-depth description of each country's payments and securities clearance and settlement systems, the delivery of recommendations reports to country authorities on a confidential basis, the organization of workshops, creation of a web page (www.ipho-whpi.org) to present the outputs of the Initiative and other information of interest in the area, among others.
The outputs of the Initiative and other information of interest in the area of payment systems are available on the website: www.forodepagos.org
Go to: www.forodepagos.org
In October 2014, the Center for Latin American Monetary Studies (CEMLA), with approval from its Board of Governors, established the Forum of Financial Information of Latin American and Caribbean Central Banks (hereinafter the Financial Information Forum-FIF) as a regional response for central banks' needs in identifying, monitoring and discussing common issues related to the improvement of financial information models in line with international efforts made in this field.
Go to: www.cemla.org/fif/
In October 2014, CEMLA approved by its Governing Board, established the Forum on Remittances in Latin America and the Caribbean, or Forum on Remittances (FR), recognizing the importance of these resources from abroad in the economies of the region and the need to deepen the understanding of the multiplicity of its effects in those countries.