West African Economic and Monetary Union: Financial Sector Assessment Program

West African Economic and Monetary Union: Financial Sector Assessment Program–Financial System Stability Assessment

May 11, 2022

Summary

The Financial Sector Assessment Program (FSAP) was conducted amid an economic rebound two years into the COVID-19 pandemic that had a limited impact on the financial sector. Several member states have experienced political instability, with coups in Burkina Faso and Mali leading to economic sanctions for the latter, and an attempted coup in Guinea-Bissau. Yet, short of further political deterioration, economic recovery is expected to persist. The last FSAP was conducted in 2008.

Subject: Financial regulation and supervision, Financial Sector Assessment Program, Financial sector policy and analysis, Financial sector stability, International organization, Market risk, Monetary policy, Stress testing

Keywords: Basel III liquidity requirement, Financial Sector Assessment Program, Financial sector stability, FSAP finding, liquidity stress test scenario, liquidity support, Market risk, Stress testing, West Africa, World Bank FSAP

Pages:
49
Volume:
2022
DOI:
https://doi.org/10.5089/9798400207976.002
Issue:
136
Series:
Country Report No. 2022/136
Stock No:
1WAUEA2022003
ISBN:
9798400207976
ISSN:
1934-7685

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