{
  "title": "Republic of Madagascar: Financial System Stability Assessment",
  "publication": "IMF Staff Country Reports, December 14, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-madagascar-financial-system-stability-assessment-44452",
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  "summary": "This paper discusses key findings of the Financial System Stability Assessment concerning Madagascar. The analysis reveals that the Madagascar’s banking sector is exposed to significant risks, though it has certain buffers, such as high profitability and a stable deposit base.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- The paper discusses key findings of the Financial System Stability Assessment concerning Madagascar.\n- 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."
    },
    {
      "heading": "Key findings",
      "content": "- The Madagascar banking sector is exposed to significant risks.\n- The banking sector has certain buffers, including:\n  - high profitability\n  - a stable deposit base\n- The economy is recovering and benefits from:\n  - the prospect of resumption in inflows of foreign aid and investment\n  - declining inflation\n  - a strengthened balance of payments"
    },
    {
      "heading": "Risks and vulnerabilities",
      "content": "- Significant risks in the banking sector are identified without specification in the overview, indicating potential vulnerability to shocks.\n- Banking supervision is currently unable to proactively detect and address emerging risks."
    },
    {
      "heading": "Supervisory capacity and requirements",
      "content": "- Strengthening banking supervision will require:\n  - additional resources\n  - political will"
    },
    {
      "heading": "Policy priorities and recommendations",
      "content": "- Promote financial deepening and inclusion while maintaining financial stability and consumer protection.\n- Enhance supervisory capacity to enable proactive risk detection and resolution."
    },
    {
      "heading": "Metadata highlights",
      "content": "- Publication date: December 14, 2016\n- Pages: 48\n- Volume: 2016\n- Issue: 377\n- DOI: https://doi.org/10.5089/9781475559736.002\n- ISBN: 9781475559736\n- ISSN: 1934-7685\n\nSource: Republic of Madagascar: Financial System Stability Assessment (IMF Staff Country Report No. 2016/377, December 14, 2016).\n\n---\n\n Content in this bundle\n\n- cr16377\n  - cr16377 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr16377 (PDF){rel=\"external\" type=\"application/pdf\"}\n- cr16377f\n  - cr16377f (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr16377f (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: December 14, 2016",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475559736.002",
    "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.",
    "The Madagascar banking sector is exposed to significant risks.",
    "The banking sector has certain buffers, including:",
    "The economy is recovering and benefits from:",
    "Significant risks in the banking sector are identified without specification in the overview, indicating potential vulnerability to shocks.",
    "Strengthening banking supervision will require:",
    "Promote financial deepening and inclusion while maintaining financial stability and consumer protection.",
    "Enhance supervisory capacity to enable proactive risk detection and resolution.",
    "Publication date: December 14, 2016",
    "Pages: 48",
    "Volume: 2016",
    "Issue: 377",
    "DOI: https://doi.org/10.5089/9781475559736.002",
    "ISBN: 9781475559736",
    "ISSN: 1934-7685",
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