## 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](https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-madagascar-financial-system-stability-assessment-44452)

## Other formats

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## Bibliographic details
- Published: December 14, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475559736.002

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### 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).*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-madagascar-financial-system-stability-assessment-44452_