---
title: "Contingent Reserve Arrangement Definition | Model Diplomat"
description: "The Contingent Reserve Arrangement is a $100 billion BRICS currency-swap framework that aids member central banks with short-term liquidity support."
url: "https://modeldiplomat.com/learn/glossary/contingent-reserve-arrangement"
---

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Model Diplomat Research Team · Last reviewed June 22, 2026

TL;DR

- The Contingent Reserve Arrangement is a US$100 billion BRICS currency-swap framework, signed in 2014, that provides member central banks short-term liquidity support against balance-of-payments pressures.
- When and where was the Contingent Reserve Arrangement established, and what is its total size?
- How are contributions and drawing rights distributed among CRA members?
- Is the CRA fully independent of the IMF?
- How does the CRA differ from the New Development Bank?

[Civil Service & Diplomatic Exams](https://modeldiplomat.com/learn/civil-services/glossary)Updated June 22, 2026

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## Timeline

1. 15 July 2014

   The Contingent Reserve Arrangement (CRA) is a self-managed pool of foreign-exchange reserves created by the five original BRICS states — Brazil, Russia, Indi…

2. 3 July 2015

   The Contingent Reserve Arrangement (CRA) is a self-managed pool of foreign-exchange reserves created by the five original BRICS states — Brazil, Russia, Indi…

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At the 2014 Fortaleza Summit, China's President Xi Jinping joined the other BRICS leaders in signing the CRA treaty, with China committing US$41 billion of the US$100 billion pool — the largest single share.

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