Republic of Mozambique: Financial Sector Assessment program—Financial System Stability Assessment
IMF Staff Country Reports, January 8, 2010
Source details
- Canonical URL
- Republic of Mozambique: Financial Sector Assessment program—Financial System Stability Assessment
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Bibliographic details
- Published: January 8, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451827408.002
Summary findings
- The paper discusses key findings of the Financial System Stability Assessment (FSSA) for the Republic of Mozambique.
- As a result of a comprehensive financial sector reform program largely based on the 2003 Financial Sector Assessment Program recommendations, Mozambique has made significant progress toward:
- developing and strengthening the banking sector,
- enhancing supervision,
- improving central bank operations.
- Despite several government initiatives and legal and regulatory reforms, progress in financial deepening and access has been less satisfactory.
Major themes and analysis
- Financial sector reform program
- Reforms were largely based on the 2003 Financial Sector Assessment Program recommendations.
- Reforms targeted banking sector development, supervisory capacity, and central bank operations.
- Banking sector stability and supervision
- The FSSA documents significant progress in strengthening the banking sector and enhancing supervision.
- Improvements in central bank operations are highlighted as part of stability-enhancing reforms.
- Financial deepening and access
- Government initiatives and legal and regulatory reforms have not achieved satisfactory progress in financial deepening and access.
- The assessment emphasizes a gap between regulatory/structural reforms and measurable improvements in access to financial services.
Subjects and keywords (as listed)
- Subjects:
- Banking, Commercial banks, Credit, Credit risk, Exchange rate risk, Financial institutions, Financial regulation and supervision, Financial Sector Assessment Program, Liquidity risk, Money
- Keywords:
- Africa, asset quality, Banco Internacional de Moçambique, bank liquidation law, banking system, central bank, Commercial banks, CR, Credit, Credit risk, Exchange rate risk, foreign currency, Global, interest rate, ISCR, liquidity risk, payroll account service, secondary market, securities portfolio, yield curve