Kingdom of Eswatini: Technical Assistance Report-Financial Sector Stability Review
Technical Assistance Reports, April 5, 2024
Source details
- Canonical URL
- Kingdom of Eswatini: Technical Assistance Report-Financial Sector Stability Review
Other formats
Bibliographic details
- Published: April 5, 2024
- Series: Technical Assistance Reports
- DOI: https://doi.org/10.5089/9798400272936.019
Executive summary and purpose
- The IMF conducted a diagnostic review of the financial system of the Kingdom of Eswatini and proposed a Technical Assistance Roadmap to support the authorities’ detection of risks and vulnerabilities and to enhance capacity in financial sector oversight.
- The review comprised two complementary modules:
- Financial stability module: targeted areas agreed with the country authorities.
- Financial sector statistics module: focused on key gaps in monetary and financial statistics and financial soundness indicators that hamper financial stability analysis.
Financial stability module — scope and focus areas
- Areas covered (as agreed with country authorities):
- Financial stability and systemic risk monitoring.
- Macroprudential frameworks and tools.
- Crisis management and financial safety net.
- Supervision and regulation of:
- Banks.
- Nonbank deposit-taking institutions.
- Insurance.
- Retirement funds.
Financial sector statistics module — scope and focus areas
- Focused on identifying and addressing key gaps that hamper financial stability analysis:
- Monetary and financial statistics.
- Financial soundness indicators.
Substantive findings and outputs
- Diagnostic review produced a Technical Assistance Roadmap aimed at:
- Enhancing detection of risks and vulnerabilities in Eswatini’s financial system.
- Strengthening capacity for financial sector oversight across banking, nonbank deposit-takers, insurance, and retirement funds.
- Improving statistical frameworks and indicators needed for robust financial stability monitoring.
Content in this bundle
- Tarea2024030