Republic of Madagascar: Financial System Stability Assessment
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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.
Series:
Country Report No. 2016/377
Subject:
Banking Commercial banks Credit Credit risk Financial institutions Financial regulation and supervision Loans Money Operational risk
Notes:
English
Publication Date:
December 14, 2016
ISBN/ISSN:
9781475559736/1934-7685
Stock No:
1MDGEA2016002
Pages:
48
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