Abbreviations and Acronyms (160 kb pdf file) |
| Executive Summary (352 kb pdf file) |
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I. |
Introduction (288 kb pdf file) |
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II. |
Effectiveness of Priority-Setting Under the FSAP
(288 kb pdf file) |
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III. |
Quality of FSAP Processes and Diagnostic Tools (352 kb pdf file) |
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A. |
Efficiency of FSAP Inputs and Processes |
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B. |
Macro-Prudential Risk Analysis |
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C. |
Standards and Codes Assessments |
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IV. |
FSAP Content (320 kb pdf file) |
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A. |
Overall Quality |
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B. |
Articulation of Findings and Recommendations |
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C. |
The Contribution of "Joint" (IMF-World Bank) Nature of the FSAP |
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V. |
How Well Has the IMF Used the FSAP Output? (320 kb pdf file) |
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A. |
Surveillance |
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B. |
Integration with Technical Assistance Activities |
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C. |
Links with IMF-Supported Programs |
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VI. |
Evidence on Impact of the FSAP (352 kb pdf file) |
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A. |
Impact on the Policy Debate |
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B. |
Impact on Policies and Institutions |
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C. |
Impact on Markets |
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VII. |
Lessons and Recommendations (320 kb pdf file) |
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A. |
Incentives for Participation, Clarifying Priorities, and Strengthening the Links with Surveillance |
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B. |
Improving the Quality and Impact of the FSAP and Organizational Changes Within the IMF |
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C. |
Joint IMF-World Bank Nature of the FSAP |
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Boxes |
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1. |
Good Practices on Stress Testing |
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2. |
The Comprehensive Approach of the FSAP: Country Examples |
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3. |
Dominican Republic: The FSAP and the Subsequent Financial Crisis |
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4. |
Assessment of FSAP Updates |
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5. |
Financial Sector Surveillance Outside the FSAP |
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6. |
Views of Other Donors/TA Providers on FSAPs and Their Follow-Up |
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Figures |
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1. |
Number of Systemically Important Countries with No or a Dated FSAP |
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2. |
Assessment of FSAP Team's Technical |
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3. |
Country Authorities' Views on the FSAP Process |
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4. a) |
a) Adequate Coverage of the Financial Sector |
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4. b) |
Adequate Depth of Analysis |
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5. a) |
Recommendations were Clear |
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5. b) |
Recommendations were Candid |
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6. |
Views on Whether Recommendations were Prioritized |
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7. |
Reasons for Non-Candid FSAP Recommendations |
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8. a) |
Deepening of Article IV Discussion of Financial Issues |
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8. b) |
Learning from the FSAP |
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8. c) |
Contribution to Dialogue with the IMF |
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8. d) |
Ability to Integrate with Article IV Consultations |
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9. |
Contribution to Policy Debate Through Discussions |
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10. a) |
Prioritization of the Reform Agenda |
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10. b) |
Contribution to Changes in the Financial Sector |
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10. c) |
Consensus with the Legislature |
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Tables |
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1. |
S&P Global Financial System Ratings and FSAP Participation |
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2. |
Results of the Detailed Assessments of FSAP Content |
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3. |
Use of FSAP in Surveillance |
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4. |
Post-FSAP TA by the Monetary and Financial Systems Department |
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5. |
FSAPs: A Good Platform for Follow-up TA? Summary Evidence From Desk Reviews |
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6. |
FSAPs and Structural Conditionality in IMF-Supported Programs |
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7. |
Summary of Post-FSAP Changes in Policies and Institutions |
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Annexes (512 kb pdf file) |
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I. |
Logical Framework for the FSAP Evaluation |
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II. |
Survey of Stakeholders |
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III. |
Assessment Methodology for Country Studies |
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IV. |
Additional Information on Priority-Setting Processes, Costs, and FSAP Organization |
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V. |
Additional Background on Stress-Testing Methodologies Used in FSAPs |
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VI. |
Use of FSAP Results in Article IV Surveillance |
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VII. |
Additional Information on Assessment of FSAP Updates |
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VIII. |
Financial Sector Surveillance Outside the FSAP |
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IX. |
Additional Information on Links Between the FSAP and IMF-Supported Programs |
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X. |
Additional Information on Impact of the FSAP |
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Appendix Tables (288 kb pdf file) |
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1. |
FSAP: Completed and Ongoing/Planned per Fiscal Year |
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2. |
List of Countries Included in 25-Country In-Depth Sample |
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3. |
Standards and Codes and Coverage Under the FSAP |
| Bibliography (224 kb pdf file) |
| Statement by the Managing Director (192 kb pdf file) |
| IMF Staff Response (224 kb pdf file) |
| The Chairman's Summing Up (192 kb pdf file) |
