Morocco: Financial Sector Assessment Program: Technical Note-Banking Supervision
IMF Staff Country Reports, November 7, 2016
Source details
- Canonical URL
- Morocco: Financial Sector Assessment Program: Technical Note-Banking Supervision
Other formats
Bibliographic details
- Published: November 7, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475546002.002
Overview
- Publication date: November 7, 2016.
- Summary (as presented in the source):
- "This paper describes mainly the introduction and performance of the Extended Fund Facility program for Pakistan. Since the start of the program in September 2013, economic growth has gradually recovered, inflation has fallen to low single digits, foreign reserve buffers have been rebuilt, social safety nets have been strengthened, and the fiscal deficit has significantly declined (although public debt remains high). Despite setbacks in privatization earlier in the year due to labor unrest and political opposition, the authorities remain committed to returning ailing public sector enterprises to a sound financial position, including through private participation, and to completing energy sector reform."
Key findings and observations
- Program described: Extended Fund Facility program for Pakistan.
- Program start date referenced: September 2013.
- Outcomes and developments noted:
- Economic growth has gradually recovered.
- Inflation has fallen to low single digits.
- Foreign reserve buffers have been rebuilt.
- Social safety nets have been strengthened.
- The fiscal deficit has significantly declined.
- Public debt remains high.
- Privatization efforts experienced setbacks earlier in the year due to labor unrest and political opposition.
- Authorities remain committed to:
- Returning ailing public sector enterprises to a sound financial position, including through private participation.
- Completing energy sector reform.
Subject areas covered
- Bank legislation
- Bank supervision
- Banking
- Credit
- Financial institutions
- Financial regulation and supervision
- Loans
- Money
- Nonperforming loans
Keywords (as listed)
- bank
- bank issuer
- Bank legislation
- Bank supervision
- banking group
- CR
- Credit
- credit institution
- information system
- intragroup bank subsidiary
- ISCR
- liquidity profile of the bank
- Loans
- Moroccan bank
- Nonperforming loans
- parent company
- Sub-Saharan Africa
Source: Morocco: Financial Sector Assessment Program: Technical Note-Banking Supervision (November 7, 2016).