We need to find the most effective way in which the IMF and the regional arrangements can mesh together through, for example, coordinated surveillance or co-financing. Lastly, various liquidity provision facilities of the IMF make up the global level layer in the GFSN.
You may reasonably take the view that the probability that oil prices will be too low to ensure the viability of investments is small, but it cannot be dismissed entirely. Investors in the oil industry face a tangible risk that global oil prices over the long term will render their investments unviable.