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The BRICS Contingent Reserve Arrangement (CRA) is a framework for the provision of support through liquidity and precautionary instruments in response to actual or potential short-term balance of payments pressures. [1] It was established in 2015 by the BRICS countries: Brazil, Russia, India, China and South Africa.
The replacement reserve (also known as contingency reserve) is reserve power provided by generators that require a longer start-up time (typically thirty to sixty minutes). It is used to relieve the generators providing the spinning or non-spinning reserve and thus restore the operating reserve (confusingly the replacement reserve is sometimes ...
In insurance, an actuarial reserve is a reserve set aside for future insurance liabilities. It is generally equal to the actuarial present value of the future cash flows of a contingent event. In the insurance context an actuarial reserve is the present value of the future cash flows of an insurance policy and the total liability of the insurer ...
The BRICS Contingent Reserve Arrangement (CRA) is a framework for protecting against global liquidity pressures. [116] [119] [122] This includes currency issues where members' national currencies are being adversely affected by global financial pressures.
The United States Marine Corps Reserve was established when Congress passed the Naval Appropriations Act of 29 August 1916, and is responsible for providing trained units and qualified individuals to be mobilized for active duty in time of war, national emergency, or contingency operations.
The European Union created a vast contingency fund in 2010 to counteract the Great Recession. [1]European finance ministers, the European Central Bank (ECB), and the International Monetary Fund (IMF) took steps to address the government debt crisis in Europe, which began in Greece by establishing a joint EU-IMF program to provide access to nearly $1 trillion in loans for the 16 eurozone ...
The Air Force Reserve Command (AFRC) is a major command (MAJCOM) of the United States Air Force, with its headquarters at Robins Air Force Base, Georgia.It is the federal Air Reserve Component (ARC) of the U.S. Air Force, consisting of commissioned officers and enlisted airmen.
The mission of the Coast Guard Reserve is stated in the Reserve Policy Statement issued in 2018: Serving as the Coast Guard's only dedicated surge force the Reserve Component is a contingency-based workforce, trained locally and deployed globally to provide appropriately trained personnel to meet mission requirements within the prioritized focus areas of Defense Operations, Ports, Waterways ...