Republic of Madagascar: Financial System Stability Assessment
IMF Staff Country Reports, December 14, 2016
Source details
- Canonical URL
- Republic of Madagascar: Financial System Stability Assessment
Other formats
Bibliographic details
- Published: December 14, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475559736.002
Overview
- The paper discusses key findings of the Financial System Stability Assessment concerning Madagascar.
- The analysis centers on risks in the banking sector, macroeconomic developments, the capacity of banking supervision, and the need to promote financial deepening and inclusion.
Key findings
- The Madagascar banking sector is exposed to significant risks.
- The banking sector has certain buffers, including:
- high profitability
- a stable deposit base
- The economy is recovering and benefits from:
- the prospect of resumption in inflows of foreign aid and investment
- declining inflation
- a strengthened balance of payments
Risks and vulnerabilities
- Significant risks in the banking sector are identified without specification in the overview, indicating potential vulnerability to shocks.
- Banking supervision is currently unable to proactively detect and address emerging risks.
Supervisory capacity and requirements
- Strengthening banking supervision will require:
- additional resources
- political will
Policy priorities and recommendations
- Promote financial deepening and inclusion while maintaining financial stability and consumer protection.
- Enhance supervisory capacity to enable proactive risk detection and resolution.
Metadata highlights
- Publication date: December 14, 2016
- Pages: 48
- Volume: 2016
- Issue: 377
- DOI: https://doi.org/10.5089/9781475559736.002
- ISBN: 9781475559736
- ISSN: 1934-7685
Source: Republic of Madagascar: Financial System Stability Assessment (IMF Staff Country Report No. 2016/377, December 14, 2016).
Content in this bundle
- _cr16377
- _cr16377f