国际货币基金组织：2025年全球金融安全网-盘点报告（英文版）

The Global Financial Safety Net (GFSN) comprises international reserves, bilateral swap arrangements, regional financing arrangements, and the International Monetary Fund. It offers financing when crises occur and complements countries’ own policy responses in cushioning the impact of shocks. The GFSN performed reasonably well during major crises like the Global Financial Crisis and the Covid-19 pandemic, supporting financial stability and preventing broader disruptions. However, it did not n