To further the international debate on understanding and managing capital flows better, including the macroprudential tools that have a capital flow intent, the G201 re-established in 2016 the International Financial Architecture Working Group which is in the process of compiling a report on its work for the G20 Hamburg Summit scheduled for July this year. 3.
The case of South Africa  The administration of exchange controls is a function delegated to the South African Reserve Bank by the Minister of Finance. South Africa has progressively liberalised its exchange control framework since 1994, removing all restrictions on the capital flows of nonresidents. These initiatives were undertaken with the explicit objective of attracting investment into South Africa.