Republic of Madagascar: Financial System Stability Assessment

December 14, 2016

Preview Citation

Format: Chicago

Republic of Madagascar: Financial System Stability Assessment, (USA: International Monetary Fund, 2016) accessed November 21, 2024

Also available in: français

Summary

This paper discusses key findings of the Financial System Stability Assessment concerning Madagascar. The analysis reveals that the Madagascar’s banking sector is exposed to significant risks, though it has certain buffers, such as high profitability and a stable deposit base. Currently the economy is recovering, and enjoys the prospect of resumption in inflows of foreign aid and investment; inflation is coming down and the balance of payments has strengthened. Banking supervision is not yet able to proactively detect and address emerging risks; doing so will require additional resources and political will. Efforts are also needed to promote financial deepening and inclusion, consistent with the maintenance of stability and consumer protection.

Subject: Banking, Commercial banks, Credit, Credit risk, Financial institutions, Financial regulation and supervision, Loans, Money, Operational risk

Keywords: Asset, B. bank intervention, Bank, Bank declaration, Bank Fsis, Bank resolution legislation, Bank resource, Bank stress, Cash settlement, Classification rule, Commercial banks, CR, Credit, Credit risk, East Africa, Europe, Financing, Global, Internal control regulation, Investment funds, ISCR, Loan, Loans, Madagascar, Operational risk, Parent bank, Problem loan, Southern Africa

Publication Details

Pages:

48
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/377
Stock No:

1MDGEA2016002
ISBN:

9781475559736
ISSN:

1934-7685

Notes

Also Available in French

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